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PHILIP F. THOMAS, ESQUIRE, GOVERNOR.
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1849.
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of a president and directors, the said Charles Trump,
John H. Ehlen, and S. S. Williams, or a majority of
them, shall have the same power and authority as the
said president and directors would have, if chosen as
aforesaid; and a majority of said directors shall constitute
a quorum for the transaction of business; and in case a
vacancy shall occur in the presidency or directorship of
said corporation, the remaining directors shall have power
to fill such vacancy, by appointing some stockholder to
that office, till the next meeting of the stockholders for
the choice of directors.
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CHAP. 169.
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SEC. 6. And be it enacted, That a meeting of the
stockholders shall he held annually at such time and
place as shall be established by the bye-laws, and it shall
be "the duty of the president and directors at said meet-
ing to make a report of the condition and affairs of said
corporation, and a special meeting of said stockholders
may be called at any time, by a majority of the direc-
tors, or by one or more stockholders who shall represent
one-fifth part of said capital stock, of which meeting ten
days previous notice, stating the object of said meeting,
shall be given in some newspaper printed in the town
of Cumberland and in some newspaper printed in the
city of Baltimore, and at all meetings of the stock-
holders, the owners or representatives of a major part of
the capital stock, shall constitute a quorum for the trans-
action of business, and shall have power to pass; amend,
alter, or repeal the bye-laws, and remove from office
any director, officer or agent of said corporation, and to,
appoint others in their stead.
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Duty prescri-
bed.
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SEC. 7. And be it enacted, That said corporation be
and is hereby, authorised to construct rail roads from
any part of its own lands to connect with other mil
roads or the Chesapeake and Ohio canal, so as thereby
to secure the facilities of transporting the produce of its
mines and manufactories, and so forth, and for this pur-
pose, shall be vested with the same lights and privileges
as have been heretofore granted to the Maryland Mining
company, by the Legislature of this State.
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Authorised to
construct rail
roads.
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SEC. 8. And be it enacted, That nothing in this act
shall be so construed, as to authorise the said corporation
to issue any note, token, device, scrip, or other evidence
of debt, to be used as currency.
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Banking forbid.
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SEC. 9. And be it enacted, That this act shall com-
mence and be in force from and after the passage there
of, and the company hereby incorporated, shall be sub-
ject to all the restrictions imposed by the act of Decem-
ber session, eighteen hundred and thirty-eight, chapter
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In force.
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