288

LAWS OF MARYLAND,

1812.

Elections for di-
rectors, presi-
dent, &c. —
When to take

place.

27. AND BE IT ENACTED, That an election
for directors shall take place on the first Monday in
May next, and shall be so made on the first Monday
in May, in each and every year thereafter, by the
stock-holders, by ballet and by plurality of votes, in
such place as the president and directors shall appoint;
and those who snail be chosen at any election, shall be
capable of serving as directors by virtue of such choice,
until the end or expiration of the first Monday in May
next ensuing the time of such election and no longer,
except in case of failure of election on the day ap-
pointed; and in that case, until such election takes
place. And the said directors, at the first meeting af-
ter each election, shall choose a president; and in case
it should happen that an election of directors should
not be made, upon the day when, pursuant to this act,
it ought to have been made, the said corporation shall
not, for that cause, be deemed to be dissolved; but it
shall be lawful on any other day within ten days
thereafter, to, hold and make an election in such man-
ner as shall have been regulated by the laws and ordi-
nances of the said corporation; and in case of the
death, resignation, disqualification or removal out of
the state, of a director; or his being appointed presi-
dent of the bank, his place may be filled by the. other
directors for the remainder of the year.

When to ex-
pire.

28. AND BE IT ENACTED, That this act shall
continue in force until the expiration of the year
eighteen hundred and fifteen, and to the end of the
next session of Assembly thereafter,

CHAPTER 208.

Passed Jan. 7,
1612.

An act further Supplementary to the act enti-
tled "An act for establishing a. Company for
opening and extending the navigation of the
river Potomac.

Preamble.

WHEREAS, doubts have arisen whether the act
of Assembly entitled, "A further supplement to the
act for establishing a Company for opening and ex-
tending the navigation of the river Potomac, " passed
at November session seventeen hundred and ninety,
authorises the president and directors of the said com-
pany to condemn lands on the branches of Potomac
river for the. purpose of making canals and locks in
improving the navigation of such branches, and to