PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

the mode and distributing, registering and transferring
the capital stock of the corporation and the certificates
thereof, and to declare and pay annual or other divi-
dends of nett profits, of said company, and generally to
do all such acts for conducting the business of said cor-
poration as they may think proper, the same not being
contrary to the bye-law, passed by the stockholders, nor
to any law of this State.

CHAP. 260.

Sec. 5. And be it enacted, That all general meetings

of the stockholders shall be called by the president and

directors, or as the bye-laws may direct, and that spe-
cial meetings may be called at any time by the presi-
dent or by any stockholder or stockholders, who may be
proprietors of one fourth of the whole capital stock,
first giving at least ten days notice of such meeting to
be published in one or more newspapers in Baltimore,
and one or more newspapers in Cumberland aforesaid,
and at any meeting of the stockholders a quorum for
the transaction of business shall consist of the owner
or owners, or the representatives of the owner or owners
of at least the major part of the capital stock, and every
such meeting shall have full power and authority to
pass, alter or repeal bye-laws and regulations, of the
management of the affairs of the corporation.

General meet-
ings, &c.

SEC. 6. And be it enacted, That nothing in this act

contained shall be so construed so as to confer any
banking privileges on the said corporation, or the rights
to issue any note in the nature of a bank note.

Banking forbid.

SEC. 7. And be it further enacted, That this act shall
take effect and become operative from the dale of its
passage.

In force.

SEC. 8. And be it further enacted, That the Legis-
lature hereby reserves to itself the right to alter, amend
or repeal and annul this act at pleasure.

CHAPTER 260.

Right reserved.

An act relating to Real and Leasehold Estates and to
prevent the effect of Merger, in certain cases.

Passed Mar. 7,
1850.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That where the reversion of any land

expectant on a lease, shall be merged in any other es-
tate, the person or persons entitled to the estate into
which such reversion shall have merged, shall have

When entitled
to reversion.