THOMAS H. HICKS, ESQUIRE, GOVERNOR.

475

named in the first section of this act, or a ma-
jority of them, shall have full power to exercise
all corporate powers of said company.

SEC. 5. And be it enacted, That a general meet-
ing of the stockholders shall be held as soon as
convenient after the stock shall have been sub-
scribed, and thereafter at such times and places
as the by-laws adopted by said company may de-
termine.

General meet-
ing.

SEC. 6. And be it enacted, That the said com-
pany shall have power to negotiate a loan upon
its bonds, secured by mortgage or deed of trust,
of all its property; but nothing herein contained
shall be construed to authorise the said company
to issue any note, token or device, to be used as
currency.

Banking pri-
vileges forbid.

SEC. 7. And be it enacted, That the stockhold-
ers of said company may, at any meeting held by
them, adopt and establish such by-laws, rules
and regulations as they may deem necessary for
the management of the said company and for
the guidance of its president and directors, and
other officers and agents, and the same repeal

May pass by
laws.

and modify at pleasure; Provided, however, that
they be not repugnant to any law of this State
or of the United States.

Proviso.

SEC. 8. And be it enacted, That this act shall
take effect from and after its passage, and the
Legislature reserves to itself the right to annul,
alter or repeal this act at pleasure.

Reservation.

SEC. 9. And be it enacted, That this corpora-
tion shall be required to make an annual state-
ment of their affairs, under the oath and affirma-
tion of their president, to be published once a
week for four consecutive weeks, in two newspa-
pers of Allegany county.

Statement of
affairs to be
published.