1828

LAWS OF MARYLLND.

CHAP. 47.

managers, or a majority of them, shall have power to make
and ordain all such rules, ordinances, by-laws and regulati-
ons, for the government and well ordering of all business

shall be found expedient and necessary, and the same to al-

Annual meetings

Sec. 6. And be it enacted, That the said company shall,
after the first meeting herein provided for, meet on the se-
cond Tuesday of May, eighteen hundred and thirty, and
annually thereafter, at such place as shall be appointed; and
at such other times as they shall be summoned by the presi-
dent and managers, of which three weeks notice shall be
given in some one or more newspapers published most con-
tiguous to said place, and which annual or special meet-
ings, the president and managers shall make report of their
proceedings, of the state of the affairs of the company, and
communicate such other information as they may deem of
importance; and in case a general meeting should not take
place on the day appointed for the annual election of the
board of managers, such elections may be made at a called
meeting of the company; and the officers so elected shall
remain until the end of the next annual general meeting.

Slock to be dram

Sec. 7. And be it enacted, That the shares in the said
bridge shall be deemed and considered personal property,
and every stockholder of a share or shares may sell and
transfer the same, or any part thereof, not being less than
one complete share, by writing under his or her hand and
seal, in the presence of two witnesses; and the transfer be-
ing either acknowledged by the party making the same, or
proved by two witnesses before the board of managers, or
before any justice of the peace of any county, or mayor, re-
corder, or alderman, of any city or borough, and shall be
registered in a book to be kept by the company for that pur-
.pose, and when registered shall be delivered to the purchas-
er, who shall then, and not before, be entitled to all the
rights which the original subscriber or proprietor enjoyed.

Powers of presi-

dant & managers

Sec. 8. And be it enacted, That the said president and
managers, any four of whom shall make a board, shall meet
as often ns the business of the company shall require; shall
have full power and authority to make all contracts and
agreements, and to draw orders on the treasurer for all mo-
nies necessary to fulfil their contracts, and to pay the offi-
cers and persons employed in the service of the company
such salaries and wages as they may deem just and reasona-
ble, which orders shall be signed by the presiding member
of the board, and countersigned by their clerk; and gene-
rally to do and transact all such other acts and things as may
be conducive to the interests of the company; and no pre-
sident or managers shall be entitled to any emolument un-