1860.

LAWS OF MARYLAND.

CHAP. 144.

of constructing a turnpike road from the city of
Cumberland, by the nearest and most practicable
route, to the Pennsylvania line, in the direction of
Bedford, Pennsylvania, and by the aforesaid name
shall have succession, and shall be capable in law
to have, purchase, receive, possess, and enjoy, to
to them and their successors, such lands, tenements,
and hereditaments, as may be found necessary for
accomplishing the objects of this act, and also
goods, chattels, and effects, of what kind, nature,
or quality soever, to an amount not exceeding fifty
thousand dollars in value, and the same to grant,
demise, convey, and dispose of, to sue and be sued,
to plead and be impleaded, answer and be answered,
defend and be defended, in any court of record,
or in any place whatsoever, and also to make, have,
and use a common seal, and the same to break,
alter or renew at pleasure, and also to establish and
put into execution such by-laws, ordinances and
regulations as shall seem necessary and convenient
for the government of said corporation and the

Proviso.

management and conduct of its officers; Provided,
the same be not contrary to the laws of this State
or of the United States.

Election of
president and
directors.

SEC. 4. And be it enacted, That whenever shares,
estimated to be sufficient for the construction of
said road shall have been subscribed, not less than
seven thousand dollars, the said company, or a ma-
jority of them, shall call a general meeting of the
stockholders, to be held in the city of Cumberland,
in Allegany county, or such place as may be fixed
upon, after thirty days notice, and such of the said
subscribers as shall be present at the said meeting,
or a majority of them, shall be empowered to elect
a president and six directors to manage the affairs
of the company for one year, and until a new elec-
tion of directors shall be had, in the mariner di-
rected in the by-laws of the company; that every
subscriber shall be entitled to one vote for each
share he may own.

Meetings, &c.

SEC. 5. And be it enacted, That the said stock-
holders, or a majority of them, shall have power to
appoint the time and direct the] manner of hold-
ing elections of president and directors, which
election shall be annual, and the said presi-
dent and directors, or a majority of them, may pro-
vide for calling a general meeting of the stockhold-
ers, upon giving thirty days notice, may provide