1846.

LAWS OF MARYLAND.

CHAP. 89.

original subscriber shall and may be held liable for the
full amount due on said stock.

Not to charge
more than five
cents toll per
mile.

SEC. 4. And be it enacted, That the company shall
not be authorised to charge at any time more than five
cents toll per mile, to each individual who may use their
Omnibus, anil they may grade the tolls and charges on
each passenger from place to place, as the aforesaid ma-
nagers may deem most advantageous to the company
and the community.

Managers—
their powers,
&c. Serve 12
months.

SEC. 5. And be it enacted, That the persons named
in the first section of this ad, shall be managers of said
company, and shall have full power to act as such for the
term of twelve months from the fust Tuesday in January
last past, to the first Tuesday in January, eighteen hun-
dred and forty-eight, and immediately on the expiration
of said twelve months, on such day as shall be named
in the constitution of said company, the stockholders of
said company shall choose by ballot, twelve members of
said corporation to be managers to manage the affairs
thereof for twelve months, and until successors are
chosen; and on the same day in each succeeding year
shall the like election be made, and in all general meet-
ings of said company and election of managers, every

One vote for
every share of
capital stock.

stockholder shall be entitled to give in person or by
proxy, one vote for each and every share of capital stock
standing in his or her names on the hooks of said cor-
poration, and at their first meeting after such election,
said managers, or their successors, or a majority of them,
shall be, and they are hereby authorised to elect out of

Elect a presi-
dent.

their number a President, who shall act as President of
the company and shall continue as such until he shall re-
sign or be removed by a majority of the managers at
any meeting of the hoard, and when the President is
not present the board shall have power to elect a Presi-
dent pro tempore; and further, the said managers shall

Elect a treasu-
rer.

have power to elect any one of their number who shall
act as Treasurer of the company, whose, duty it shall be
to keep a correct account of all monies received and dis-
bursed for the use of the company, and submit an ac-
count to the stockholders annually, at the meeting which
shall be held for the purpose of electing managers; and
the said Treasurer shall be liable to a removal, as in the

In case of re-
signation.

case of the President as aforesaid, and the said Treasur-
er, upon resignation or removal, shall hand over to his
successor all books, monies, et ceterea, belonging to the
company; and the said managers shall be further autho-
rised to elect a Secretary, from among the managers or