|
THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.
|
1837.
|
|
|
SEC 5. And be it enacted, That a general meeting
of the stockholders shall be held, on or before the first
Monday of next November, and annually thereafter, at
such time and place within this State as shall be estab-
lished by the bye-laws, to which it shall be the duty of
the president and directors aforesaid to make report of
the whole condition of the business and affairs of the
|
CHAP. 218.
Annual general
meeting.
|
|
|
said company, and special meetings of the stockholders
may be called at any time by the president and direc-
tors of said company or by the stockholders thereof, who
shall together be proprietors of not less than one-fifth
|
Special meet-
ings.
|
|
|
part of the whole stock of said company, first giving
thirty days public notice in one or more newspapers
published in the town of Cumberland and in the cities
of Baltimore and New York, of the object or objects of
such meeting; and in any and every meeting of the
stockholders, a quorum for the transaction of any
business other than the election of president and direc-
tors, shall consist of the owners and representatives of
at least the major part of the capital stock of said com-
|
Notice required.
|
|
|
pany, and every such meeting shall have power to
pass, amend, alter and repeal bye-laws or resolutions
which shall be binding on the president and directors,
officers, agents and servants of the company, the same
not being contrary to law and also shall have power to
require settlements, statements and accounts relating
to the business and dealings of said company general
or particular, and may also dismiss any president, di-
rector, officer, agent or servant, at pleasure and appoint
others in their stead.
|
Their powers.
|
|
|
SEC. 6. And be it enacted, That for the purpose of en-
abling said company to transport the produce of the
mines and of the counties through which their rail
road shall pass, on the cheapest and most expeditious
manner, the said company and the president and direc-
tors thereof shall be, and hereby are respectively in-
vested with all and singular the rights, profits, powers,
privileges, authorities, immunities and advantages for
the surveying, locating, establishing and constructing
a rail road and its necessary appurtenances, beginning
the same at the mines of the said company and running
to a convenient point or points on the basin or canal of
the Chesapeake and Ohio Canal Company, at or near
|
Authority to
construct rail
roads.
|
|
|
|