WILLIAM GRASON, ESQUIRE, GOVERNOR.

1839.

SEC. 4. And be it enacted, That in all meetings of the
company the members thereof shall have the light of vo-
ting according to the number of their shares, viz: one vote
for every share bona fide held by the members voting,
whether he hold the said share or shares as principal or
by proxy; and the acts of the company in any meeting
shall be evidence by a majority of all the votes given in
at the time, and it shall be a legal meeting, if two thirds
of all the stock is represented in said meeting.

CHAP. 340.
Votes rated.

SEC. 5. And be it enacted, That the company shall
have a board of directors of not less than five in number,
to be chosen annually or authorised by the company after
their first meeting, one of whom shall be the president of
the company and of the board, and any three of whom
shall be a quorum, and the president shall be always one
of the quorum, unless in his necessary absence, when any
other director may supply his place for the time being,
and the directors shall hold their offices until others shall
be appointed in their room; the directors or any number of
the company holding two thirds of the stock thereof, may
at any time upon due notice, call a meeting of the com-
pany at such time and place as they may deem expedient.

Board of direc-
tors.

Three to consti-

tute a quorum.

Directors may
call meetings.

SEC. 6. And be it enacted, That the board of directors
shall make the necessary by-laws for themselves and for
the company, and appoint the necessary officers, except
that of treasurer of said company, who shall be elected
by the company and hold his office during its pleasure;
and the directors shall ex-officio do and transact all the
ordinary business of the company according to the usual
method of doing the business of said companies.

May pass by-
laws—appoint
officers.

Except treasu-
rer.

SEC 7. And be it enacted, That the president and di-
rectors of said company or companies, shall have power
to survey and lay out the aforesaid rail road and turnpike
road, or either of them, as directed in the second section
of this act; and if they cannot agree with the owner or
owners of the land, earth, stone or timber, for the con-
struction of the aforesaid road, or the repair thereof, or if
the said owner or owners should be a feme covert, non
compos mentis, or under the age of twenty-one years, the
said president and directors may proceed to condemn the
land, earth, timber, stone and other materials, necessary
for the construction of the roads aforesaid, in the manner
prescribed in the charter of the Baltimore and Ohio rail
road company; provided however, that in no case shall the
said president and directors of both or either said compa-

To survey and
lay out road.

In case of fail-
ure to agree for

land, &c.

May condemn.

Proviso.