PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

aforesaid, and a majority of said directors shall con-
stitute a quorum for the transaction of business, and
in case a vacancy shall occur in the presidency or di-
rectory 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.

CHAP. 56.

SEC. 6. And be it enacted, That a meeting of the

stockholders shall be 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 meeting, 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 ma-
jority of the directors, 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 said town of Cumberland,
and in some newspaper printed in the city of Balti-
more, and at all meetings of the stockholders, the
owners or representatives of a major part of the capi-
tal stock shall constitute a quorum for the transaction
of business, and shall have power to pass, amend,
alter, or repeal the bye-laws, and to remove from office
any director, officer, or agent of said corporation, and
to appoint others in their stead.

General meet-
ings, &c.

SEC. 7. And be it enacted, That said corporation be
and it is hereby authorised to construct rail roads

from any part of its own lands, to connect, with
other rail roads, or the Ohio and Chesapeake Canal,
so as thereby to secure the facilities of transporting the

produce of its mines and manufactories, and so forth,
and for this purpose, shall be vested with the same
rights and privileges as have been heretofore granted
to the Maryland Mining Company, by the Legislature
of this State.

Corporate
powers.

SEC. 8. And be it enacted, That nothing in this act

shall be so construed as to authorise the said corpo-
ration to issue any note, token, device, scrip, or other
evidence of debt to be used as currency.

Banking forbid.

SEC. 9. And be it enacted, That this act shall com-
mence and be in force from and after the passage
thereof, and the company hereby incorporated, shall
be subject to all the restrictions imposed by the act of
December session, eighteen hundred and thirty-eight,
chapter two hundred and sixty-seven, entitled, an act
prescribing general regulations for the incorporation of
manufacturing and raining companies.

In force, &c.