The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1854-01-21

any court of law or equity IN this State;
and the said company shall have power {
to make seal, and 10 alter and break {
the same, and to renew 1t at their VIII
and pleasure, and to do all other acts ne :
,.ssarv for the purposes for which they
ar. INCORPORATED, as fully as any other
incorporation may do.
SEC. &. lind b9 it enacted, That the
sums so subscribed shall be paid to the
managers of said company in such m
sta!ments, and at such times and places
as they may direct, by giving one
months notice vfthe payments required
in one tr more Of the new spapers of the
county. and if any stool. holder, whether
original subscriber or assignee, after the
months notice as aforesaid, shall ne
elect or refuse to pay such Instruments,
al the place appointed, foi the space OF
thirty days after the time appointed me
same may be forfeited by and to the
company aforesaid, and may be sold by,
them for such price as may be obtained
therefor, or in default Of payment OF
anv stakeholder Of such instruments, as
aforesaid. tor the space OF thirty days,
the president and managers may, al :
their election. cause suit to be brought
in the same manher as debts oil like
amount are now rrcov"r"hi', Tor me re-
coyery of the Sd NE with the costs OF the
suit.
SEC. 7. .7nd be 1t enacted, That the
stockholders in said company SHALL on
the first Mundav in June, eighteen nun
bred and ftlv-iour. aud on The same
day in each succeeding year, elect, by
1 ballot aforesaid, for the ensuing year,
r nine managers as aforesaid; and the
managers of said company or m"joT''
ty of them, shall have power to appoint
one or more Judges o! all elections and
to elect president OF said company
a from among the managers o: S'ockhnld-
"a ers of said company. and TO allow h'm
compens.i.on Tor his services, il they
n shall deem proper; and 1t any vac "hcy
. shall occur BY death, rrslgna'I"n, Teiu-
r. sal 10 act, or removal from the county
= of president or manager, stockholm
% err NAV be- elected by The managers to
a fill the vacancy, until the next annual
=. election; and all elections required to
If be made on a particular day, may be
:. made on any other day, att"r thirty days
II notice Of such election day IN some
r. newspaper in the county; and general
:, meetings of the stockholders may be
70 called by any number OF the s'ock'iold'
,r ers not less than ten, nor holding less
% than one fourth of the whole number o
9 shares, to consider any general Interes
ID OF said company, and til" said general
r. meeting, il ret reSrnt'ng mole IMAM one
id half the whoi" number OF shares IN sai'
" company, shall have power to make. al
ID ter or repeal, by wa jnrity OF votes II
or manner aforesaid, all or any OF the by
4. laws, and regulations OF said company
u Src s. lind he Il .enaQed, That an,
ry five OF the managers, with or w,,hou
id the president, shall constitute boar'
~. and quorum for the tran action of al
TO kinds oi business. and shall be compe
RS tent to appoint all such olic rs, agent
d, and servants whatsoever, as they ma,
RS deem necessary ioi tra!s.c'lng the bust
" ness OF the company; TO fix their com
be pensatIon, aud DISMISS them at pI assure
as to provide Tor requiring and akng Sc
curlty for the faithful performance :
all the duty of any officer OF the company
r. for making all contracts which shall b
nv necessary TO effect The purposes contem
nd plated by this act, and for settling al
&c accounts Of the company, to provide 10
TO- furnishing stockholders certificates o
be other evidences Of their tights 10 stock
id and for the transfer Of stock, and evi
~ dences Of such transfer, and TO pass al
nd such bylaws, as shall be proper an
lis necessary for exercising all the power:
rights aud privileges, vested in the CON
en- pany hereby Incorporated, or in the sal
I'D managers, or for the performance Of tn
he duties required OF them 10y this act, an
m the said bylaws from time to time t
ks alter or repeal, subject nevertheless t
yo the revision OF the stockholders, al gen
tv eral meeting, as is hcrenbef,re prov
IT. ded; and said managers shall keep min
ct, utes of all their proceedings fairly en-
nd tered in book 10 BE- kept for that pun
in pose.
ID. SEC. O. ind be az enarted, That tn
* said company are hereby invested wit
lid all the rights and powers necessary 10
lie, the construction Of plank road fr"r
m Elkton by way Of Cherry Hill, Andor
in and Fair Ill., in Cecil county, NORTH
all ward to the Pennsylvania State line, a
n. or near LrwisvilIe, in Chester county
Id Pennsylvania; Prorided that the sal
vo company may with the consent of tn
commissioners of Cecil county, use tn
he bed OF the public road from Elkton
", Cherry Hill, Andcra, Brick Hill, an
ed from thence TO the State line, in the di
he rec,ion of Lewisvlle aforesaid, or S
is. much thereof as they may find necesst
he ry; and the said commissioners OF Gee
nd county are hereby authorised, at the
We discreet ION, to negotiate WIN the Sal
in plank road company, OF the bed of h