1839.

LAWS OF MARYLAND.

CHAP. 215.

company shall conduct the business and manage the con-
cerns thereof, and continue to hold their respective places
as such officers, until a new election, as hereinafter provided

Vacancies: how
filled.

for; and in case of a vacancy occurring at any time in the
board of president and managers of said company, a ma-
jority of the remaining members of said board shall have
power to fill such vacancy; and the president and mana-
gers of said company shall keep minutes of all their trans-
actions and proceedings fairly entered in a book for that

Corporate pow-

ers.

purpose, and they shall have power and authority to make
such by-laws, rules, orders and regulations, as (not con-
travening the constitution and laws of this state) may be
necessary and proper for the well governing and conduc-
ting of the affairs of said company, and the same to alter
or repeal at any time; and they may from time to time, at
the pleasure of the said board, appoint and remove such
surveyors, engineers, officers, agents and servants under
them, as they may think proper to employ in the business
of said company, and may fix and regulate the compen-
sation or wages to be paid to the respective persons em-

Proviso.

Quorum.

May transact

any business.

ployed in the service of said company; provided however,
that the managers aforesaid, shall themselves receive no
compensation for their ordinary services as such; and any
five of them, the president and managers of said compa-
ny, when met together in Harford county, at the times and
places ordained by their by-laws, shall be a quorum, and
a majority of such quorum may transact any business of
the said company, and do generally all acts, matters and
things as by this act and the said by-laws they shall be

Exception.

authorised to do, except that in the case of making, alter-
ing or repealing any by-laws, at least six of them, inclu-
ding the president, shall be present and consenting thereto;

Votes regulated.

provided always, that no person shall have more than fifty
votes in any election for managers of said company, or in
determining any question in a general meeting of the
stockholders; and that every person, association or body
politic shall be entitled to one vote for every share held by
such person, association or body politic under the number
of thirty one shares, and one vote additional for every
twenty shares so held above the number of thirty shares;

By proxy, &c.

but that no vote as aforesaid shall be allowed to be given by
proxy unless in the paper or writing for that purpose, the
several names of the persons to be thereby voted for, and
the date of such power, shall have been inserted in the
actual hand writing of the proper person who shall have
signed such paper, and the same paper shall not serve as