1845.

LAWS OF MARYLAND.

CHAP. 177.

the same; and to sue and be sued, plead and be implea-
ded, answer and be answered, defend and be defended,
in any court of law or equity, or other place whatsoever;
and to have and use a common seal; and to same to
break, alter and renew at pleasure; and to receive and
make all deeds, transfers, contracts, covenants, convey-
ances, and grants whatsoever; and generally to do every
other act and thing necessary to carry into effect the
provisions of this act, and to promote the object and de-

Proviso.

sign of said corporation; provided always, that the
quantity of land held by the said corporation shall never
exceed one hundred acres, and that the aggregate value
of their entire property shall never exceed fifty thousand
dollars.

Call meeting.

SEC. 2. And be it enacted, That Gustavus Warfield,
Asbury Peddicord, R. D. Hewitt, James Sykes, Charles
D. Warfield, and Thomas H. Hood, or a majority of
them, shall as soon after the passage of this law as the
same can conveniently be done, call a meeting of the said
subscribers, having first given such notice of the time,
place and object of the meeting, as to them shall seem
reasonable, at which said meeting, five persons shall be
elected as trustees of the Warfield Academy, who, and
their successors shall be the keepers of the seal of the
said corporation, and manage and dispose of its property,
funds and concerns, and cause regular books of their
proceedings to be kept for the inspection of the stock-
holders, and the said trustees shall continue in office un-
til a new election of trustees shall take place as herein-
after provided for, each share of stock, entitling its hold-
er to one voice in the choice of said trustees.

Annual elec-
tion of five di-
rectors.

SEC. 3. And be it enacted, That on the first Monday in
May, eighteen hundred and forty-six, and on the same
day in each and every year thereafter, an election of five
trustees shall be made as aforesaid, by the stockholders
at such time and place, in such manner, and upon such
notice as the trustees for the time being, or the rules and
by-laws of the corporation shall prescribe; but in case
any such election of trustees should not be made on the
day appointed by law, the said corporation shall not
thereby be dissolved; but the trustees for the time being
may cause the said election to be made in like manner,
on any day within three months thereafter; and in case
the trustees shall refuse or neglect to cause the said elec-
tion to be made within the period aforesaid, any five
stockholders of said company may proceed and cause
the said election to be made in the same manner as if
they were trustees for the time being.