T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

repugnant to the constitution and laws of this
State and of the United States, and generally may
do all and singular the matters and things, and
exercise all rights, powers and privileges, which
may properly appertain, for the well being and

CHAP. 138.

ordering of the said corporation; Provided, that
nothing herein contained shall be construed as in
any giving to the said corporation any banking
privileges whatsoever, or any other powers or priv-
ileges than such as are necessary or incident to the
making and proper management of the railroad
mentioned in this act.

Proviso.

SEC. 3. And be it enacted, That the commission-
ers aforesaid shall, as soon as conveniently may be
after five hundred shares shall be subscribed, as
aforesaid, give notice in newspapers published in
Baltimore and Towsontown, for at least five days,
for the subscribers to meet in Towsontown, to or-
ganize the said company, and to choose by a ma-
jority of votes of the said subscribers, by ballot, to
be given in person or by proxy, one president and
seven directors, a majority of whom shall be resi-
dents of the State of Maryland, a treasurer, and
such other officers as shall be deemed necessary,
and the president and directors aforesaid, being
first sworn, well and faithfully to discharge the
trust reposed in them, shall conduct the business
and manage the concerns of the said company until
the second Monday of thereafter, and until
like officers are chosen to succeed them, and may
make and enforce the by-laws, rules, and regula-
tions provided for by the second section of this act.

Organization.

SEC. 4. And be it enacted, That the stockholders
shall meet on the second Monday of next,
after the organization of said company, provided
for by the preceding section of this act, and upon the
same day in every year thereafter, at Govansown,
of which notice shall be given by the secretary at
least five days, in the newspapers before mentioned,
and choose by a majority of the votes there present
their officers for the ensuing year, as mentioned in
the third section of this act, who shall continue in

Officers, &c.

office one year, and until others are chosen, and
the said stockholders shall meet at such other times
as they may be summoned so to do by the directors,
in such manner and form as shall be prescribed by
the by-laws, and at the annual and special meetings
they shall have full power to do any corporate act

Meetings.