1860.

LAWS OF MARYLAND.

CHAP. 138.

. consistent with this charter; and the number of
votes to which each stockholder shall be entitled
shall be according to the number of shares he may
hold, each share entitling him to one vote, but no
share shall entitle or confer a right of suffrage
which shall not have been held at least one calendar
month prior to the day of election, nor unless it be
holden by the person in whose name it appears ab-
solutely and bona fide, in his own right or in the
right of his wife, or for his or her sole use and
benefit, or as executor, or administrator, trustee or
guardian, or in the right and for the use and benefit
of some copartnership, corporation or society, of
which he or she may be a member, and not in trust
for and to the use and benefit of any other person,
and in all voting by proxy or attorney, said proxy
or attorney shall be legally constituted.

Election of
officers — how
conducted.

SEC. 5. And be it enacted, That the election of
officers aforesaid shall be conducted in the following
manner, that is to say: the directors for the time
being shall appoint three of the stockholders, not
being directors, to be judges of the said election,
and to conduct the same after having severally
taken and subscribed an oath or affirmation before
a judge or justice of the peace, well and truly, ac-
cording to law, to conduct such election, and the
said judges or a majority of them shall decide upon
the qualifications of the voters, and when the elec-
tion is closed, shall count the votes and declare who
has been elected, and if it shall at any time happen
that an election of any one or all the officers of
said company shall not be made, the corporation
shall not for that cause be deemed to be dissolved,
but it shall be lawful to hold and make such elec-
tion for president and directors, treasurer or other
officers on the same day or upon any day thereafter,
by giving at least ten days notice thereof, signed
by the president or secretary, in the newspapers, as
before mentioned, of the time and place of holding
said election, and the president and directors and
other officers last elected shall continue to act, and
be invested with all the powers belonging to their
respective situations, until another election shall

Vacancies.

take place; in case of death, resignation, refusal,
or neglect to act, or removal from the State of any
officer, his place shall be filled by the board of di-
rectors until the next annual election; Provided,
the removal from the State of any director may