THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.

in office one year, ami until a new election for directors
shall thereafter be made; and the said directors shall
have full power and authority to elect by ballot a presi-
dent from their body, and shall have full power to elect
a treasurer for said company; and the stockholders of
said company, in one year after the day on which the
election of directors shall be made; and on the same day
in every year thereafter, except the same shall happen
on Sunday, and in that case the day succeeding, shall
elect by ballot from among the stockholders, seven per-

CHAP. 99.

Elect a presi-
dent and trea-
surer.

sons as directors; and the president and directors, for
the time being, shall give public notice for a new election
at least fifteen days previous to the expiration of the
time for which they are elected, and in every election
as aforesaid for directors, each stockholder shall be enti-
tled to one vote for every share by him or her held; and
in case it should happen that an election of directors
should not be made upon any day when, pursuant to this
act, it ought to have been made, the said corporation
shall not for that cause be dissolved; but it shall be law-
ful, on any other day, to hold and make an election as

Seven persons
as directors.

aforesaid, in such manner as shall be regulated by the
by-laws or ordinances of said corporation; and in case
of the death, resignation, or removal of the president or
a director, the said directors shall elect another person
to supply such vacancy for the remainder of the year.

In case of
death, &c.

SEC. 5. And be it enacted, That the said president
and directors shall be authorised to make such by-laws,
rules or orders and regulations, not inconsistent with
the laws of this State, as shall be necessary for the well
ordering and directing the affairs of the said company,
and also to appoint a secretary, if they shall deem such
an officer to be necessary, and to fix the salaries or com-
pensation of all officers who may be so appointed by
the same.

Make-by laws.

SEC. 6. And be it enacted, That the said stockholders,
and their successors, from the time of the first meeting
before mentioned, shall and they are hereby declared in-
corporated by the name of the Potomac Bridge Com-
pany, and by that name may sue and be sued, plead and
be impleaded, answer and be answered unto, in any
court of law or equity in this State.

Incorporated.

SEC. 7. And be it enacted, That the president and
directors shall meet at such times and places as shall be
agreed on for transacting the business of the company,
and in the absence of the president may choose a chair-
man, and they shall keep minutes of all their transactions
fairly entered into a book.

Time and
place of meet-
ing.