T. WATK1NS LIGON, ESQUIRE, GOVERNOR.

29

jority of the following commissioners: Joshua Jessop,
John H. Longnecker, Jeremiah Yellott, George H.
Merryman and Joshua Marsh, on or before the first day
of March, eighteen hundred and fifty-six, and continue
them open until one hundred shares of said stock shall
be subscribed for, and until the managers of said com-
pany are elected in the manner hereinafter mentioned,
unless in the meantime the whole of the capital stock be
subscribed for.

SEC. 3. And be it enacted, That when the said one
hundred shares of stock shall have been subscribed for,
the commissioners aforesaid, or a majority of them, shall
give at least ten days public notice in one or more of the
newspapers published in Baltimore county, at the time
and place fixed by them, for the stockholders to meet for
the purpose of organizing said company, by choosing by
a plurality of votes (by ballot) a president and five Di-
rectors, (any three of whom shall constitute a quorum,)
a Treasurer, and such other officers as they shall deem
necessary for conducting the affairs of said company,
until the second Monday in January, eighteen hundred
and fifty-seven, and until a new election, and for making
such rules, by-laws, orders and regulations, as they may
deem necessary for the well-governing of the said com-
pany: Provided, none of the said by-laws, rules, &c.,
be contrary to the constitution and laws of this State,
or of the United States.

Public no-
tice.

SEC. 4. And be it enacted. That any corporation or
body politic may become stockholders in said company.

SEC. 5. And be it enacted, That after the first meet-
ing of the stockholders shall have been held as herein-
before mentioned, there shall be a meeting of the stock-
holders of said company held in Towsontown, or at
such other place as the President and Directors may ap-
point, on the first Monday of January in each and every
year after the said first day of January, eighteen hun-
dred and fifty-seven, when and where they shall elect in
the manner prescribed in section three of this act, a
President and five Directors, (any three of whom shall
constitute a quorum,) a Treasurer and such other officers
as they may deem necessary for the ensuing year, and
until a new election, and may by a majority of votes
present, adopt, add to, alter or amend such by-laws,
rules, orders and regulations as may be deemed necessa-
ry for the interest and well-governing the affairs of said

May be-
come stock-
holders.

Meeting;
of stock-
holders.

company, Provided, they contravene none of the laws,
&c., as mentioned in section third of this act.

Proviso.