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336
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LAWS OF MARYLAND.
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pared to exercise a general superintendence of the
affairs of the Company, and the board of direc-
tors above named, and any other board of direc-
tors that may be hereafter elected, as hereinafter
provided for, shall have authority to allow any
officer or officers in the employ of the Company
such salaries, fees or compensation as they may
deem proper, and all officers of the Company,
other than directors, shall be appointed annually
by such directors as shall be present at the first
meeting of the board after the annual election of
directors, and in case of any vacancy or vacan-
cies occurring in the board of directors at any
time or times, from any cause whatever, such va-
cancy or vacancies shall be filled by the remain-
der of the board until the time of holding the
next annual election.
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Failing to hold
election at pro-
per time not to
dissolve com-
pany.
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SEC. 6. And be it enacted, That it shall be the
duty of the President or Secretary of the com-
pany, annually to give notice by advertisement,
or public notice stuck up at two or more of the
public places in the county, at least two weeks
previous thereto, of the time and place of the
election in each and every year, for ten Directors
of the said company, who shall be members
thereof; such election shall be held in each year,
on the first Monday of July in each year, but in
case such election shall not be held or take place
on that day, the company shall not be thereby
dissolved, but the Directors or majority of them,
may appoint another time for holding such elec-
tion, and shall, until their successors be elected,
retain their position as Directors; at all elections
for Directors, each member of the company shall
have one vote and may vote either in person or
by proxy.
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Constitution
and by-laws.
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SEC. 7. And be it enacted, That the constitu-
tion and by-laws of the said company shall only
be made by the concurrent vote of at least two-
thirds of the whole board of Directors, exclusive
of the President, and any amendment or altera-
tion of the constitution or by-laws, shall only be
made by a general meeting of the members of
the company, convened in pursuance of public
notice given as in cases of election for Directors,
when each member present shall give one vote,
and two-thirds of the votes thus given shall be
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