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T. HOLLIDAY HICKS, ESQ., GOVERNOR.
stockholders of said company, who shall have the
right when present, to vote on all matters acted on
by the board, and to allow him a compensation for
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1860.
CHAP. 252.
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his services, if they shall deem proper; and if any
vacancy shall occur by death, resignation, refusal
to act, removal from the county or from any other
cause, of a president or manager, a stockholder
may be elected by the managers to fill the vacancy,
until the next annual election; and all elections
required to be made on a particular day, if not made
on that day, may be made on any other day after
thirty days notice of such election, in some news-
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Vacancies —
how filled.
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paper in the county; and general meetings of the
stockholders may be called by any number of the
stockholders, not less than five, nor holding less
than one-fourth of the whole number of shares, to
consider any matter of general interest of the said
company, and the said general meeting, if repre-
senting more than half of the whole number of
shares in said company, shall have power to make,
alter or repeal by a majority of votes in manner
aforesaid, all or any of the by-laws, rules and
regulations of said company.
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Meetings.
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SEC. 7. And be it enacted, That the whole or
not less than four of the managers, including or
without the president, shall constitute a board or
quorum for the transaction of business, and they or
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Quorum.
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a majority of them, shall be competent to appoint
all such officers, agents and servants whatsoever,
as they may deem necessary for transacting the
business of the company, to fix their compensation
and dismiss them at pleasure; to provide for re-
quiring and taking security for the faithful per-
formance of the duty of any officer of the company;
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Officers, &c.
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for making all contracts which shall be necessary
to effect the purposes contemplated by this act, and
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Contracts.
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for settling all accounts of the company; to provide
for the furnishing to the stockholders certificates or
other evidences of their rights to storks, and for
the transfer of stock and evidence of each transfer,
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Stocks.
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and to pass all such by-laws as shall be proper or
necessary for exercising all the powers, rights and
privileges vested in the company hereby incor-
porated, or in the said managers, or for the per-
formance of the duties required of them by this act,
and the said by-laws from time to time, to alter or
repeal, subject nevertheless to the revision, altera-
tion or repeal by the stockholders at a general
meeting as hereinbefore provided.
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By-laws.
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