THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.

pose, shall fill the same from among the stockholders, to
serve until the next annual election, and for the transac-
tion of any business hereby confided to said president
and directors; at any meeting of the stockholders, the di-
rectors may be increased to a number not exceeding six;
a majority of president and directors shall at all their
meetings be a quorum.

CHAP. 354.

SEC. 4. And be it enacted, That the general meeting

of the stockholders shall be called by the president and
directors as the by-laws may direct, and that special
meetings may be called at any time by the president or
any stockholder or stockholders, who may be proprietors
of one-fourth of the whole of the capital stock, first giv-

ing ten days notice of such meeting and its object, either
written or by advertisement, in at least two daily papers,
published in the city of Baltimore; and at any meeting
of the stockholders, a quorum shall consist of the owner
or owners, or their representatives, of at least a majority
of the capital stock, and every such meeting shall have
full power and authority to pass, alter and repeal by-
laws and regulations for the management of the affairs of
the corporation.

General meet-

ing.

SEC. 5. And be it enacted, That nothing in this act

contained shall be so construed as to confer any banking
privileges on the said corporation, or the right to issue
any note in the nature of a bank note.

ssues forbid.
May execute

SEC. 6. And be it enacted, That no president, direc-
tors or stockholders in said company, shall hold or exc-
cute nny agency for the purchase or sale of the stock or
goods of said company, without the consent expressed in

writing of the holders of at least one-half the capital
stock of said company, which consent shall at all times
be revocable at pleasure of those who shall give the
same.

any agency.
In force for

SEC. 7. And be it enacted, That this act shall continue
in force for sixty years from its passage, and that the Ge-
neral Assembly reserve to itself the right to alter and an-
nul the same at pleasure.

sixty years.