PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847

like election shall be made, and in case of refusal to
serve, death, resignation, removal out of the State or
other disqualification of any director, the remaining di-
rectors shall at their next meeting proceed to elect an-
other person qualified as aforesaid to serve to the end of
said year, and the directors or any three of them shall
at their first meeting after every general election, elect by
a majority of the members present from among the
stockholders, a president for one year who shall, wheth-
er a director or stockholder, be thereupon entitled to all
the powers and privileges of one, and if he was before
a director, another director shall be elected as aforesaid
so as to keep up the number of directors required by
this act, exclusive of the president, and in case of re-
fusal, death, disqualification, resignation or removal out
of the State of said president, the said directors shall
meet as soon as conveniently can be thereafter and
elect another person for president in the manner before
required.

HAP. 332.

Vacancies —
how to be filled.

SEC. 3. And be it enacted, That the said subscrib-
ers or stockholder's shall be and they are hereby incor-
porated and constituted a body corporate and politic by

Incorporated.

the name of the Savage River Road, and by the same
name shall have succession during the continuance of
this incorporation, and the said stockholders and their
successors by the name aforesaid, may sue and be sued,
answer and be answered in any court of law or equity
in this State, and may do and execute any other matter
or thing by the name aforesaid that they are authorised
to do by virtue of this act, and shall have power to
make a seal and alter or break and renew the same at
pleasure.

Name and
style.

SEC. 4. And be it enacted, That after said directors
shall be appointed they shall have full power and au-
thority to receive further subscriptions for all unsub-
scribed or vacant shares authorised hereby to be taken,
and thereupon the powers herein given to said commis-
sioners to take subscriptions shall cease, and that there
be a meeting of said directors at least twice in twelve
months for the purpose of regulating the affairs of said
corporation, any three of whom to make a board or
quorum, and that the board have power to adjourn from
time to time, and the president and any two of the di-
rectors may call a special meeting of the board or of
the stockholders at any time they may think proper.

Directors to
meet twice a
year.

SEC. 5. And be it enacted, That the said president
and directors be and they are hereby authorised to lay
out a public road from some point on the proposed route

To make road.