1838.

LAWS OF MARYLAND.

CHAP. 79.

Corporate powers

granted.

thereupon be the duty of the said commissioners, or a
majority of them, to call a general meeting of the said
subscribers, at such time and place as a majority
of them shall appoint, after giving public notice as
aforesaid; and when a majority of the said subscri-
bers holding a major part of said stock shall be pre-
sent at such meeting, they, the said subscribers,
their heirs and assigns, shall he, and are hereby
declared to be incorporated into a company by the

Name and style.

name and style of the American Silk Company of
Baltimore, and by that name may have succession, and

Legal capacity.

shall be able and capable to sue and be sued, plead and
be impleaded, answer and be answered, in any court
of law or equity, and to make and use a common seal,
and the same to alter and change at their pleasure.

Quorum.

Sec. 6. And be it enacted, That the presence of
stockholders having a major part of the stock, shall be
necessary to constitute a general meeting of the stock-
holders, and at the first general meeting so convened,
the said incorporated company shall elect, in the man-
ner which shall be prescribed by the by-laws hereafter

Election of five di-

rectors.
Annually.

to be enacted under the provisions of this law, five di-
rectors for the succeeding year, and so on in each and

every year thereafter, at such time as may be directed

by the by-laws, during the existence of said company;
and such directors so elected, shall continue to act
until a new election of directors shall take place; and

Case of omission.

in case it should happen at any time, that an election
of the directors shall not be made on the day when the
same should be made, the corporation for that cause
shall not be deemed dissolved, but it shall be lawful at
any other time to make such election; the directors last

elected, or any one or more of them, giving at least

ten days public notice of such election; three directors

Quorum of direc-

tors.

Vacancies.

shall constitute a quorum for the transaction of busi-
ness, and in case of the death, refusal to act, removal,
or resignation of any director, his place shall be filled
by the directors for the time being, to serve until a
regular election takes place.

Appoint a Pres-

dent and officers.

Sec. 7. And be it enacted, That the directors shall
have authority to appoint a president from among the
directors, at such time or times, as may be prescribed
in the by-laws, and to appoint from among the mem-
bers of the corporation, or elsewhere, such other officers