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Session Laws, 1858
Volume 624, Page 627   View pdf image
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THOMAS H. HICKS, ESQUIRE, GOVERNOR.

627

cancy that may occur in their body by death, re-
signation or otherwise, that is to say: that they or
a majority of them after giving at least fifteen
days notice by publication in such newspapers and
and by such other mode as they, in their discre-
tion, shall deem most conducive to the interest of
their enterprise, shall or may open a book or books
at such place or places as they may designate, for
receiving subscriptions to the capital stock to con-
struct a bridge across Miles River in Talbot coun-
ty, at or near the site of the present ferry ;• and
thereupon they or any member of their board
shall proceed to receive subscriptions to the capi-
tal stock of the company, by this act incorporated;
the said stock to be limited to fifteen thousand
dollars, to be divided into shares of twenty five
dollars each; and the said books shall be kept
open as long as the said Commissioners or a ma-
jority of them shall deem prudent.

SEC. 2. And be it enacted, That as soon as two
hundred shares of the capital stock of the com-
pany created by this act shall have been subscrib-

ed, the said Commissioners, or a majority of them,
shall call a meeting of the subscribers to said capi-
tal stock, who shall proceed either in person, or
by proxy, to the election by ballot of one presi-
dent and four directors from among their own
body to manage the affairs of said company for
one year from the day of their election, and until
a new election of president and directors shall
thereafter be made.

President and
Directors to be
elected.

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

Incorporated.

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 the transaction of the business of the company
a majority of the whole board being a quorum,
and in the absence of the president the directors

Meetings.



 
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Session Laws, 1858
Volume 624, Page 627   View pdf image
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