120

LAWS OF MARYLAND.

1812.

ny which shall be kept for that purpose, shall be a
member of the company, and for every certificate
so held, shall be entitled to one share of the capital
stock, and of all the estates, benefits and emoluments
of the company, and to vote as aforesaid at the meet-
ings thereof.

Relative to
me. ting, and
the transaction
or business, and
contracts and
agreements for
and with super-
intendants, ar-
tists, materials,
&c.

7. AND BE IT ENACTED, That the president
and directors shall meet at such times and places, and
be convened in such manner as shall be agreed on for
transacting the business of the company, and a major-
ity shall be a quorum, who in the absence of the pre-
sident, may choose a chairman, and shall keep minutes
of all their transactions fairly entered in a book, and
a quorum being met, they shall have full power and
authority to agree with, and appoint, such superintend-
ants, artists or other persons as they shall think ne-
cessary to carry on the said bridge; and to contract
and agree for materials and all such articles as they
shall deem necessary for building or repairing said
bridge; and to draw orders on the treasurer for all
money to pay the wages of persons by them employ-
ed, and for the materials and labor done; Provided;
Such orders shall be signed by the president, or in his
absence, by a majority of the attending directors, and
countersigned by the secretary. And to do and trans-
act all other such acts, matters and things as by this
act, or the by-laws, orders and regulations of the
company shall be committed to them.

Stock-holders
refusing to pay
instalments
shall forfeit
their shares,
or be sued
therefor.

8. AND BE IT ENACTED, That if any stock-
holder shall refuse or neglect to pay any balance or in-
stalment that may be due on any share or shares by
him or her held, at the times and periods required by
the president and directors, and shall so neglect or re-
fuse for thirty days thereafter, every such stock-holder
or his or her assigns, shall, in the discretion of the.
said president and directors, either forfeit to the com-
pany every such share on which any enstalment may
remain due and unpaid as aforesaid, to be sold by the
said president and directors for the best price that can
be obtained therefor, for the benefit of said company,
or shall be liable to be sued for the same, and the
amount thereof with legal interest thereon, shall and
may be recovered by the said president and directors
from such stock -holders or his or her assignee, in such
manner as debts of similar amount are recoverable.

President and
directors shall
keep accounts
of monies
received, &c.

9. AND BE IT ENACTED, That the presi-
dent and directors of the said company shall keep fair
and just accounts of all monies received by them from
the president and managers aforesaid, or from the