1860.

LAWS OF MARYLAND.

CHAP. 323

Meetings.

newspaper 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 general interest of the said com-
pany, and the said general meeting, if representing
more than one-half the whole number of shares in
said company, shall have power to make, alter or
repeal, by a majority of votes, in the manner afore-
said, all or any of the by-laws, rules and regula-
tions of said managers.

Business —
how managed.

SEC. 7. And be it enacted, That any four of the
managers, including or without the president, shall
constitute a board, a quorum for the transacting of
all kinds of business, and shall be competent to ap-
point all such officers, agents and servants what-
soever as they may deem necessary for the transact-
ing of the business of the company, to fix their
compensation and dismiss them at pleasure, to pro-
vide for requiring and taking security for the faith-
ful performance of the duty of any officer of the
company; for making all contracts which shall be
necessary to effect the purposes contemplated by
this act, and for settling all the accounts of the
company; to provide for furnishing to the stock-
holders certificates or other evidences of their rights
to stocks, and for the transfer of stock and evidence
of such transfer, and to pass all such by-laws as
shall be proper or necessary for exercising all the
powers, rights and privileges vested in the com-
pany hereby incorporated, or in the said managers,
or for the performance 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 of the stockholders at a general meet-
ing, as hereinbefore provided.

Authorised
to construct
turnpike road.

SEC. 8. That the said company are hereby in-
vested with all the rights and powers necessary for
the construction of a turnpike road from the west
side of the Georgetown turnpike, where it inter-
sects with the public road leading to Noland's
Ferry through Buckeystown, to the public road
leading from Adamstown to Greenfield Mills; Pro-
vided, the company may use the bed of the public
road now leading from Frederick city to Noland's
Ferry, or so much thereof as may be necessary.