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be appointed in conformity with this act, by the State
of Maryland and the city of Baltimore, so far as such
legislation shall not impair the due representation of
the Suite of Maryland, and the city of Baltimore, or
either of them in the same, and their appointment of
said directors, as is hereinafter provided; Fifth, That
in the direction of the said consolidated company, the
city of Baltimore shall be entitled to appoint two direc-
tors in the board of said consolidated company when-
ever, and as long as said city shall hold not less than
two hundred thousand dollars of the stock therein
valued at its par value; and one director so long as the
said city shall hold one hundred thousand dollars of the
said stock valued as aforesaid, and less than two hun-
dred thousand dollars in the same; and that the State
of Maryland shall in like manner, whenever, and as
long as it may hold stock in the said consolidated com-
party be entitled to appoint the same number of direc-
tors in said company under the like conditions and re-
strictions, the said director or directors of the State of
Maryland or city of Baltimore respectively, whenever
appointed, to be in addition to the directors hereinbefore,
mentioned and allowed in the constitution of the board ;
Provided, that this clause shall not be understood to
deprive either the State of Maryland, or the city of Bal-
timore, of the right to vote as other stockholders of said
company upon any stock, either the State or city
may at any time hereafter hold in said company, above
the amount of two hundred thousand dollars, estimated
at its par value in the capital stock of the same, (if the
State or city at any time appoint such directors,) shall
constitute the board for the management, of the affaire
of the company; which board shall annually elect a
president to preside over the company, and a majority
of said board shall constitute a quorum; and the presi-
dent and directors shall have power to appoint all ne-
cessary officers, to regulate their salaries, and to make
such by-laws as they may deem necessary for the
government of the company; that the company shall
make and use a common seal, and possess all the cor-
porate powers and privileges, and be subject to all the
duties and obligations not inconsistent with this act, and
its general intent, which are expressed in the charter
heretofore granted to the said Baltimore and Susque-
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