T. WATKINS LIGON, ESQUIRE, GOVERNOR.

231

preceding section of this act, and upon the same day
in every year thereafter, at Chestertown, of which
notice shall be given by the secretary at least twenty
days in the newspapers before mentioned, and choose
by a majority of the votes then present, their officers
for the ensuing year, as mentioned in the third sec-
tion of this act, who shall continue in office one year,
and until others are chosen; and the said stockhold-
ers shall meet at such other times as they may be
summoned so to do by the directors, in such manner
and form as shall be prescribed by the by-laws; and
at the annual and special meetings they shall have
full power to do any corporate act consistent with
this charter; and the number of votes to which each
stockholder shall be entitled shall be according to the
number of shares he may hold, each share entitling
him to one vote, but no share shall entitle or confer
a right of suffrage which shall not have been held at
least one calendar month prior to the day of election,
nor unless it be holden by the person in whose
name it appears, absolutely and bona fide in his own
right, or in right of his wife, or for his or her sole
use and benefit, or as executor, or administrator,
trustee or guardian, or in the right, and for the use
and benefit of some co-partnership, corporation or so-
ciety of which he or she may be a member, and not
in trust for, and to the use and benefit of any other
person; and in all voting by proxy or attorney, said
proxy or attorney shall be legally constituted.

SEC. 5. And be it enacted. That the election of
officers aforesaid shall be conducted in the following
manner, that is to say; the directors for the time be-
ing shall appoint three of the stockholders not being
directors to be judges of the said election, and to con-
duct the same, after having severally taken and sub-
scribed an oath or affirmation before a judge or jus-
tice of the peace, well and truly according to law to
conduct such election, and the said judges, or a ma-
jority of them, shall decide upon the qualifications of
the voters, and when the election is closed, shall
count the votes and declare who has been elected; .
and if it shall at any time happen that an election of
any one or all the officers of said company shall not
be made, the corporation shall not for that cause be
deemed to be dissolved, but it shall be lawful to hold
and make such election for president and directors,
treasurer or other officers, on the same day, or upon
any day thereafter, by giving ten days notice at least

Election of
officers — how
conducted