372

LAWS OF MARYLAND.

Rail Road company, and by that name shall have per-
petual succession and be capable in law of purchasing,
receiving, holding, using, selling, leasing, mortgaging
and conveying goods and chattles, lands, tenements and
hereditaments and all estate, real, personal and mixed
of what kind or quality soever, may sue and be sued,
plead and be impleaded in all the courts of this State,
may make, have and use a common seal, and the same
may alter or renew at pleasure, and also may ordain,
establish, and enforce such by-laws and regulations as
they shall deem necessary for the government of said
corporation, not repugnant to the constitution and laws of
this State and of the United States, and generally may do
all and singular the matters and things and exercise and

Proviso.

enjoy all rights, powers and privileges, which to them
may properly appertain for the well being and ordering
of the said corporation; Provided, that nothing herein
contained shall be construed as in any way giving to
the said corporation any banking privileges whatsoever
or any other powers or privileges than such as are
necessary or incident to the making and proper man-
agement of the rail road mentioned in this act.

Meeting.

SEC. 3. And be it enacted, That the commission-
ers aforesaid shall as soon as conveniently may be after
one thousand shares shall be subscribed as aforesaid,
give notice in the newspapers published in Easton, and
in such other newspapers, as they may deem proper, at
least twenty days of the time for the subscribers to meet
in Easton to organize the said company, and to choose
by a majority of votes of the said subscribers by ballot
to. be given in person or by proxy one president and
seven directors, a majority of whom shall be residents
of the State of Maryland, a treasurer and such other
officers as shall be deemed necessary, and the president
and directors aforesaid, being first sworn well and faith-
fully to discharge the trust reposed in them shall con-
duct the business and manage the concerns of the said
company until the second Monday in December there-
after, and until like officers are chosen to succeed them,
and may make and enforce the by-laws, rules and re-
gulations provided for by section two of this act.

Meeting for
election of of-
ficers.

SEC. 4. And be it enacted, That the stockholders
shall meet on the second Monday of December next
after the organization of said company provided for by
the preceding section and upon the same day in every
year thereafter at the town of Easton of which notice
shall be given by the secretary at least twenty days in
the newspapers before mentioned and choose by a ma-