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rer, clerk, collector and sill other officers, agents and servants, ne-
cessary to conduct the concerns of said company, requiring of them
to give such security for the faithful performance of their duty, as
they may deem reasonable and right, and shall also have the power
of making such allowance to the president and other officers, as
they may think reasonable; and in voting at all elections for direc-
tors, and on all other occasions, each stockholder shall be allowed
one vote for each share not exceeding ten, and one vote for every
five shares above ten by him held at the time in said company; but
if it should appear from the returns aforesaid that the sum of twen-
ty thousand dollars has not been subscribed for, then the said com-
missioners at the city of Annapolis, or any two of them, shall cause
books to be again opened at such places, and at such times, and un-
der the direction of such commissioners as they may appoint, un-
til at least the aforesaid sum of twenty thousand dollars, or one
thousand shares, shall have been subscribed for. and if from the re-
turns of said commissioners it shall appear that more than twenty
thousand dollars aforesaid shall have, been subscribed for, then the
said subscriptions shall be reduced to that sum by the commissioners
at the city of Annapolis aforesaid, in the manner following; that is
to say, from the subscriptions highest in amount shall be subtracted
a share or shares, until the same shall be made equal to the subscrip-
tions next highest in amount, and as often an the case shall require
it, they shall so proceed to subtract a share or shares from the sub-
scription or subscriptions remaining, from time to time, highest in
amount, until the aggregate of all the subscriptions be reduced to
the sum of twenty thousand dollars aforesaid.
4. And be it enacted, That any subscriptions for stock taken by
any one of the commissioners aforesaid, or by any person duly au-
thorised by the president and directors of the company aforesaid,
At any time after the day appointed for opening the books aforesaid,
shall be as binding and obligatory as if the subscriptions had been
made at the time the books were first opened.
5. And be it enacted, That the president, and any three directors,
or in the absence of the president any four directors, shall consti-
tute a quorum to do business; and in the absence of the president,
the directors forming a quorum as aforesaid, shall choose one of
their own body to act as president pro tempore; and in case of the
death, resignation, or inability to art, of the president or any di-
rectors, the vacancy shall be supplied by their own body from
among the stockholders, until the next stated election.
6. And be it enacted, That a general meeting of the stockholders
shall annually be holden in the city of Annapolis on the first Mon-
day in May, when nine directors shall be chosen in the manner
aforesaid, to conduct and manage the affairs of said company until
the then next election; and in case a majority of the stock subscrib-
ed for should not be represented on said day, or at the first meeting
of the stockholders aforesaid, cither by stockholders in person, or
by proxy duly authorised, those stockholders who do attend in per-
son or by proxy, may adjourn said meeting from day to day until
a majority as aforesaid shall attend.
7. And be it enacted, That the president and directors aforesaid
shall have power to locate and fix on the site for said bridge, and to
contract for building the same, and to employ all necessary work-
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CHAP. 100.
Subscript ions ta-
ken after day ap-
pointed, to be
binding
Quorum—presi-
dent pro tem
General meeting
of stockholders
President and di-
rectors to locate
and fix on site
for bridge
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