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in April, eighteen hundred and sixty, in the city of
Baltimore, and annually thereafter, on the same day
in each year, or at such other time and place as by
the by-laws and regulations of the said company
may be appointed, whereof public notice of at least
twenty days, in one of the daily papers of the city
of Baltimore, shall be given; and a majority of the
members, who shall attend the said meeting, either
in person or by proxy, shall elect from among the
said stockholders, one person to serve as president,
and six or more persons, as may be determined on,
to serve as directors, whose terms of office shall be
twelve months, and until others shall be duly elec-
ted to succeed them; which said president and di-
rectors, during their term of service, shall have the
sole management and direction of the said stock,
property, business affairs and concerns of said com-
pany, each share of said stock upon which all instal-
ments due have been paid, the holder thereof shall
be entitled to one vote, and the person or persons
having the greatest number of votes, shall be elec-
ted to the office designated by such, votes, and if it
shall happen at any election, that two or more per-
sons shall have an equal number of votes, so that
no choice shall have been made as to such persons,
then the stockholders herein authorised to vote at
such elections, shall proceed by ballot a second time
and by a plurality of votes, determine which of the
persons so having an equal number of votes, shall
be the president or the directors so as to complete
the number required, and in. case it shall happen at
any time that an election of officers shall not be
made on the day when in pursuance of this act an
election ought to have been made, the said corpora-
tion shall not for that reason, or for any non user
be taken or deemed to be dissolved; but, it shall,
and may be lawful on any other day within thirty
days thereafter to hold an election for officers in
such manner as may be directed by the by-laws of
said company.
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CHAP. 349.
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SEC. 4. And be it enacted, That the purposes
and objects for which the said United Cities Land
company aforesaid is incorporated, and which said
company are hereby authorised to effect, are the
improvements in such manner as shall be conform-
able to the laws of this State, of any or all lands,
tenements, hereditaments and appurtenances, which
do, shall or may belong to the said company, by
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Company
its objects,
&c.
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