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Session Laws, 1856
Volume 623, Page 392   View pdf image
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392

LAWS OF MARYLAND.

the day of their election, and until a new election of
president and directors shall thereafter be made.

Declared to
be a corporate
body.

SEC. 3. And be it enacted, That the said stock-
holders, their associates and successors, from the
day of their first meeting, as hereinbefore provided
for, shall and they are hereby declared to be a body
corporate and politic, by the name, style and title of
"The Hancock Potomac Bridge Company," and by
that name shall have succession, may sue and be
sued, plead and be impleaded, answer and be answer-
ed unto, in any court of law or equity in this state.

Meetings.

SEC. 4. And be it enacted, That the president and
directors shall meet at such times and places as they
or a majority of them shall agree upon for transact-
ing the business of the company, a majority of the
whole board being a quorum, and in the absence of
the president, the directors present may choose a
chairman from among their own body and they shall
keep a full and correct minute of all their proceed-
ings fairly entered in a book to be kept for that pur-
pose.

Vacancies
filled.

SEC. 5 And be it enacted, That in case any va-
cancy shall occur in the board of president and di-
rectors by death, resignation or otherwise, the direc-
tors shall supply such vacancy by the appointment of
such director from among the stockholders to serve
the remainder of the year; and the said president
and directors shall have full power and authority to
appoint a treasurer for said company to serve for one
year, and a secretary if they shall deem such officer
necessary, and all such other officers or agents us the
interests of the said company may require to serve
during the pleasure of the said president and directors,
and shall determine the nature of the surety and the
amount of the bonds the respective officers or agents
shall enter into the amount of their respective sala-
ries and when the same shall be payable.

Power to pass
by-laws.

SEC. 6. And be it enacted, That the said president
and directors, or a majority of them, shall have full
power and authority to make and establish all such
by-laws, rules, orders and regulations not incon-
sistent with the constitution and laws of the United
States or of this State, that shall or may be necessary
for the well being, ordering and directing the affairs
of said company.

Notice of e-
lection to be
given.

SEC. 7. And be it enacted, That the stockholders
of the said company in one year from and after the
day on which the first election for president and di-



 
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Session Laws, 1856
Volume 623, Page 392   View pdf image
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