PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

allowed one vote, and each, stockholder may depute any
person to vote for him, her or them, as his, her or their
proxy, and the commissioners aforesaid, or any four or
more of them, shall be judges or said first election of
directors.

CHAP. 203.

SEC. 6. And be it enacted, That the stockholders
in said company, or a majority of them in value, shall

on any day to be determined on by them after the or-
ganization of the company as directed in the preceding

section of this act, and on the first Monday in June in
each succeeding year, elect by ballot as aforesaid for
the ensuing year twelve directors as aforesaid and the
directors of said company, or a majority of them, shall
have power to appoint one or more judges of all elec-
tions, and to elect the president as aforesaid, and to al-
low him a compensation for his services if they shall

deem proper, and may fill all vacancies occurring in

their body unlit the next annual election, and all elec-
tions required by this act to be made on a particular
day, and not made on that day, may be made on any

other day after thirty days public notice thereof, and
general meetings of the stockholders may be called du-
ring the interval between their stated annual meetings
by the president and directors, or a majority of them, of
by any number of the stockholder holding one-fourth

General meet-
ing.

of the stock of said company; provided, that public
notice of at least thirty days be first given of the time
and place of holding of such meeting, which said no-

tice shall also state the object of the call.

Proviso.

SEC. 7. And be it enacted, That every president and
director of said company, before he acts as such, shall
swear or affirm, as the case may be, that he will well
and truly discharge the duties of his office to the best
of his skill and judgment.

To take an
oath.

SEC 8. And be it enacted, That at the regular annual
meetings of the stockholders of said company it shall
be the duty of the president and directors in office for
the preceding year to exhibit a clear and distinct state-
ment of the affairs of the company, that at any called
meetings of the stockholders a majority of those pre-
sent may require similar statements from the president
and directors whose duty it shall be to furnish them
when thus required, and that at all general meetings of
the stockholders, a majority in value of all the stock-
holders in said company may remove from office any
president or any of the directors of said company, and
may appoint others in their stead.

Duty of Di-
rectors.