LAWS OF MARYLAND.

1843

by death, resignation, refusal to act or removal from Balti-
more county of any president or manager, a stockholder
may be elected to till such vacancy, until the next annual
election, and all elections which are by this act, or shall by
the by-laws of the company be required to be made, on a
particular day or at a particular time, if not made on such
day or such time, may be made within thirty days after the
time limited, and alter such notice as the by-laws or a ma-
jority of the managers shall provide.

CHAP. 159

Sec. 7. And be it enacted, That any seven of the man-
agers, including or without the president, shall constitute a
board, and quotum for the transaction of all kinds of busi-
ness, and shall be competent to appoint all such officers,
agents and servants whatsoever, as they may deem neces-
sary for the transaction of the business of the company, fix
their compensation and dismiss them at pleasure, provide
for requiring and taking security for the faithful 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 stockholders cer-
tificates, or other evidence of their right to stock, and for
the transfer of stock, and the evidence of such transfer, and
to pass all such by-laws as shall be proper or necessary for
exercising all the rights, powers and privileges, vested in
the company 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 and
repeal, subject nevertheless to the suspension of the stock-
holders at a general meeting as herein before provided.

Seven mana-
gers with or
without the
president to
constitute a
board.

Sec. 8. And be it enacted, That the said company is
hereby invested with all the rights and powers necessary
to the construction of a turnpike road, on the bed of the
said Liberty road, as far as it may be practicable to use it.

Company In-
vested with
certain rights.

Provided, that in laying out and constructing the said turn-
pike road, the said company shall not obstruct or in any
manner injure any other turnpike or county road, or impede
the travelling on or using any part of such turnpike or
county road, or any private road which any person or per-
sons is or may be entitled to travel on or use.

Proviso.

Sec. 9. And be it enacted, That after thirty days public
notice in the public papers as aforesaid, of the time and
place appointed for the payment of any instalment for the
capital stock of said company, if any stockholder shall
neglect to pay such instalment at the place appointed, for
the space of thirty days after the time so appointed, every
such stockholder, his, her, or their assigns may be required
in addition to the payment so called for to pay at the rate
of one per cent per month, for delay of such payment; and

Thirty days
notice.