1849.

LAWS OF MARYLAND.

CHAP. 512.

stockholders, to serve until the next election, and for the
transaction of any business hereby confided to the presi-
dent and directors, or the majority of them, shall be a
quorum.

Meetings, how
called.

SEC. 4. And be it enacted, That general meetings
of the stockholders shall be called by the said president
and directors, as often as they shall think proper, or as
the stockholders, may in their bye-laws direct, and that
special meetings may be called at any time by the presi-
dent, or a director, or by any number of stockholders,
who shall be proprietors of not less than one-fourth of
the whole capital stock, first giving thirty days notice of
such meeting and its object, in writing, to each stock-
holder, or by advertisement in at least two newspapers
published daily in the city of Baltimore, and in any
meeting of the stockholders, a quorum for the transac-
tion, of any business, other than the election of the pres-
ident, and directors, shall consist of the proprietors, the
owners and representatives of the owners of at least the
major part of the capital stock, and every such meeting
shall have full power and authority to pass, amend, alter
and repeal bye-laws and regulations for the management
of the affairs of said corporation, which shall, whilst in
force, be binding therein on the president and directors
of the said company, their officers, agents and servants,
the same not being contrary to law, or the provisions of
this act.

Banking forbid.

SEC. 5. And be it enacted, That nothing in this act,
contained shall be so construed as to confer any banking
privileges on said company, nor the right to issue any
note, certificate or other device, in the nature of a bank
note.

In force, etc.

SEC. 6. And be it enacted, That this act shall con-

tinue in force for the period of thirty years, and no lon-
ger, and shall at all times from the organization of the
company hereby, incorporated, be liable to be annulled
or repealed at the pleasure of the Legislature.

CHAPTER 512.

Passed Mar. 7,
1850.

An act to incorporate the Frederick County Iron Com -
pany, in Frederick County, Maryland.

Incorporated,
&c.

SECTION 1. Be it emitted by the General Assembly of
Maryland, That William E. McMurtrie, Benjamin