T. W ATKINS LIGON, ESQUIRE, GOVERNOR

201

generally to do, execute or authorise, all such acts, deeds,
and other writings, and make, revise, alter and annul
all such resolutions, ordinances, rules and regulations
not inconsistent with the laws of this State, or of the
United States or the by-laws adopted by the stockhold-
ers, as the board of directors, or a majority of them may
deem necessary useful or convenient, to the full and
beneficial exercise of and carrying into effect the pow-
ers above enumerated, and all other powers, rights and
privileges grantee! to and vested in the Rosehill Compa-
ny, of Allegany county, incorporated as aforesaid, or in
the directors thereof by this act, and in general for the
belter management and conducting of the business, and
promoting the interests of said company, and for im-
proving the natural, and lawful advantages of the pro-
perly, rights and privileges, vested in or owned by the
said company, may act in as full and ample a manner,
as any corporate body within the State, may lawfully
do.

SEC. 6. And be it enacted, That the shares of stock
of said company, shall be deemed and considered per-
sonal property.

Shares deem-
ed personal
property.

SEC. 7. And be it enacted, That the stockholders
at any general meeting, or at any special meeting called
in such manner as the by-laws shall prescribe, at which
the holders or a majority of the whole number of shares
of stock shall be present or represented, shall have
power to alter or repeal any by-laws, and also, to make
any new by-laws, rules and regulations, as the holders
of a majority of the whole numbers of shares of stock
shall assent to, which shall be binding on the president
and directors.

Power to re-
peal by-
laws, &c.

SEC. 8. And be it enacted, That this act shall be
in force from and after its passage, and shall be subject
to be altered, amended or repealed at the pleasure of
any future legislature.

In force.