The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1866-05-19


capital stock, to the extent Of five hundred
shares or more, such corporation shall be
represented in the Board of Directors so
long as it is the holder of such stock by one
| Director for each five hundred of such shares,
to be appointed in the manner set forth in
the fourth section of this Act.
Section 7. And be it enacted That for the
purpose of providing for the election OF Dl-
rectors, not to be appointed hs provided in
the preceding section, SO soon rs fifteen hun
dred shares Of the capital stock shall have
been Subscribed for, the commissioners, or a
majority OF them. shall close the books and
call meeting OF the subscribers at such
time and place as they may appoint by pub
lie notice of not less than twenty days and
and at such meeting the subscription books
shall be lail before the subscribers present,
and they or a majority Of them shall there
upon proceed to an election by ballot. for
the said elective Directors, who with the APP
pointive Directors, if amy, shall manage the
affairs OF the company for one year, and I'M
til the election and qualification of their sue
cessors; and the Directors shall iave power
to elect President from among themselves,
or the general body of stockholders to APP
point al other officers and agents, and Judge
of all elections, and shall fix, from time to
time, the compensation OF the President and
other officers and agents, and the SAID com
mi"sloners or any three of them, shall be
the judges of the first election; and that at
all meetings OF the Stockholders for amy pnr-
pose each share OF stock snail entille the
holder to one vote, any stockholder may de-
pute any person to vote and act as his, her
or It's proxy Tor an purposes, ont no corpor-
alton having authority to appoint a Director
or directors snail have any vote IN the choice
OF ihe eiecliVe directors.
section 9. Ana pc II enacted. mat to
continue the succession OF the President and
Directors IN sad company, appointments Of
directors shall be made annually by any OF
SAID corporations entitled to appoint, and
tne eiecli'e directors snail be chosen annu-
any on the !ourth Wednesday OF January IN
every year. III 'he Guy OF baltimore, by the
s'ockh9iuerS, ana tue Ireslueht anu Direct
ors snail hoid their ofhces until new APP
Po'hImeI'i eiectoh ana quhllhGatioh OF Tres
iochI ana directors; 'hat Ht al elections re-
CURED by this act or by the bylaws OF the
company, to De hela at particular ume'
may be held at any lihe WITHIN thirty days
thereaiter ana mat the appointment OF N
rectofs may De maze at such t'ihes us the
Corpofh''onS c"''Iie" W appoint may hech
peS' ehat II any Vacancy occur III any nun
ner' Vi ANY 'cs'uen! or elec'eu D'Iec,oIi
pe'ore ''c year 'or WHICH nc WAS eiectea siaii
nave eXP'ren' person 10 MI such vacant
place lor 'he residue OF the year. may be
apPo.htcu Ny .he lfeslaent ana directors OF
n'tJor"s Vi tnenl; anu shoulo such vacancy
occur among any appointed directors; IL
s"', oc i'''Hu " INC coipoI''on ""ich lau
coHielFca the appointment anu III an an
nnal, or also at any called meetings, If live
S,?cAholaers require 1t, the President ana
directors snail furnish clear ana lemlZeG
hhahciai cohdilloh OF the company up to
'h"t PERIOD or 'hc c.nse OF tue nIG"l year.
Wh'ch Sh''I oe me lh'fly-hrSt Oh December
III c"cli year -, -
- Hect'oll .. any ne 1t enacted, nat inc
LreS'Ient ana directors OF SAID company
ShaIl be invested with an inc rights ana power
necessary 10 me construction ana repair OF
ihc railroad from me point known as u"
Relay House on the Northern Central Han
roh"' ny way OF the stony river route; to
nae "a'Gr at canton 'oge'ncr with any lat
cr'l ro"o TO Inc Guy oil baltimore, connect
ing 'hercWith, WIN as many sets OF tracks
as may ne deemed necessarily nor exceeding
slXty'SN feet WIDE tor the graded surface OF
Shid road or roads, ana me SAID President
ana directors or majority OF them, may
cause any contract or contracts to be made
between sald company ana any person or
persons 'or .he CONSTRUCTION Oh the "hole OF
'n! parlS OF Soch WORKS. an" saia co'nPan!
o' "s'htS may e"'eF upon an" use any 'ah1H
req"ireo LOT the construction OF s"ch road
'nI i us ::eceSSary any convenient p"ha'nsS
nnteri,i ne nav I've ,nn;r"I f,r cnms,r',o'
,;n, 80. ror,;. ''' N0"''' Nv
So,t;on va A,aho;. oo.oa T,La. a..
,;r,a .nlIo ~ .';I o;i,I C' nav W" ~
me- nnInr ,ho s"in on",rol af a Pp'sss; 'h','
and D;ractnr. Nv tajr ',, w. t .hnt ,la
northern Central RAILWAY Conway NAV o '
the Wo.torn M,r,l,nd R,nronJ Unyn,,, ,,,,n
,nar ,, hair tr";s ," r,',n t ,"I opnn
rond bcing rhnrgaahlc NOR -" mia fnr f. fre;ab,
and n.ssnnaors NOT p,nro Than tro'tI;rds
If tba rates ch,raaJ far tho ..a
and frn;aht nor mia W. thn 1d p' go
ns;no ,ha road and r. ',la eo;d nnn,9n nv
mum o. 're'Sht TO De charged ny II snail not
exceed ;H 'hoSe alIo%eu ny 'hG charter OF the
" - .hnu -n"' '";,u n'ai,l"au company, anu
= ~ o''' ~ '!"'p NO =" i1"u' II eN''i h"l