Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1868-07-23

or instrument as if the same had originally
been made part thereof.
Sec. 43. And be it enacted, That the usual
fees for equal or similar services, shall be re-
ceived by the respective clerks, under this
Article, and all the expenses of procuring the
lcbarter of incorporation, and recording the
same. shall be borne by the parties respec-
lively applying therefor, and the date and
fact of recording shall be endorsed by the
clerk on every original instrument.
Sec. a.. And be it enacted, That every
corporation incorporated under this Article,
shall have the following powers, and be sub
iect to the following general regulations, except
lin cases where the special provisions relating
to any particular corporation are inconsistent
with the said general regulations.
Sec. 45. And be it enacted, That any such
corporation shall have power-lst. 10 have
succession by it's corporate name, tor the pc
rod present. el by law or by the certificate
evidencing its incorporation. where the said
F certificate is in accordance with law.
Sec. 46. 2nd-To sue and be sued, COM
plain and defend in any Court of Law or
f Equity.
F Sec. Al. 3rd-To make and use common
SEAL and alter the same at pleasure.
Sec. 48. 4th-To acquire by purchase, or
in any other manner and take, receive, hold,
use, employ, manage, dispose of, or in any
, manner not inconsistent with law, deal with
any property, real, personal or mixed, and
situated in or out of this State, which may be
necessary or proper to enable the said corpo-
ration to carry on the operations or fulfill the
, purposes named in its certificate OF incorpora-
ton, and generally to do every other act OF
thing, not inconsistent with law, which may
, be necessary or proper to promote the objects
designs and purposes for which said corpora
ton was formed.
Sec. 40. 5th-To appoint President Of
, the company from among the Directors
t Trustees or Managers, and to appoint such
officers and agents as the business of the cor
poraton shall require; to allow them a suit
, able compensation, require security for the
| faithful discharge of their duties, and regulate
| the tenure of office of the said officers.
Sec 5O 6th-To make bylaws, not incon-
5 sistent with law, for the management of Its
5 property the regulation of its affairs, and fol
the transfer of it's stock, if any such stock
| there be; for the forfeiture of stock not paid
, for, and for disposition of the proceeds there
: of; for the calling of regular special and
5 general meetings Of the Directors, Managers
} and Trustees of said corporation, and fixing
the place or places where the same shallsbt
, held, and to provide for all other matters
which may be regulated by bylaws, and may
4 from time to time repeal, amend 8. .,s-enac
, the same; but every st'u.-S,5s lNsverss;
repeal, amendment or re-enactment thereof
unless in the meantime confirmed at a genera
meeting of the company, duly called for thai
purpose, shall only have force until the mex
annual meeting of the company, duly callec
!, for that purpose, shall only have force unit
the next annual meeting of the company, ant
in default of confirmation thereof shall from
that time only cease to have force. The stock.
holders or members of the corporation may a
any general meeting make bylaws, which
shall not be rescnded by the Directors, Man
ayers or Trustees.
Sec. 81. And be it enacted, That no corpo
ration shall possess or exercise any corporate
powers, except such as are conferred by law
Q and such as shall be necessary to the exercise
, of the powers acquired.
! Sec. So. And be it enacted, That the stock
if any. property and concerns of any corpo
E ration for whose creation provision is made ir
this Article, shall be managed by such mum.
Der of Trustees, Directors or Managers as it:
bylaws or charter shall prescribe, said num-
Der to be not less than four nor more thar
twelve, who shall respectively be citizens o.
the United States, and a majority of then
' citizens of this State, or if unnaturaized resi-
dents of this State, shall make oath that they
: intend to become citizens of the United State.
without unreasonable delay, and shall except
the first year be annually elected by the
stockholders, where there are such or by the
c1,o ol,1,i1 fhoro
, stock holders at such meeting, time and place
and after such notice as shall be directed by
8 the bylaws of the corporation; and the elec.
/ ton shall, except in cases otherwise provided
= for herein, be made by such of the stockholl-
! ers, shareholders, or members, as the case may
. be, who shall attend for that purpose either
in person or by proxy; and where no othel
l notice is provided for by the bylaws, public
notice Of the time and place of holding such
> election shall be published not less than ter
days previous thereto, in a newspaper printed
9 nearest to the place where the principal Office
of said corporation in this State shall be 10.
Gated.
Sec 53 And be it enacted. That in al
corporations in which there are stockholders
all elections shall be by ballot, and each stock.
holder shall be entitled to as many votes a!
he owns shares of stock in said corporation
and the person receiving the greatest number
of votes shall be Trustees, Managers or Direc.
tors, and in the case of all other corporation.
e the mode Of eecting Trustees, Managers o1
J. Directors, shall be regulated by the charter o.
: bylaws of such corporation: but no share O
stock shall be voted by any stockholder, un.
, less ali installments have been paid thereon
> which may have been called for on any par
of the stock of such corporation.
Sec. 81. And be it enacted, That wher
any vacancy shall happen among the Trus
tees. Directors or Managers, by DEATH resig.
> nation, or otherwise, it shall be filled for the
> remainder Of the year or other term, in such
manner may be provided by the bylaw:
of the said corporation.
Sec. So. And be it enacted, That if it shall
hlppen at any time, that an election of Trus
tees, Directors or Managers, shall not be made
on the day designated by the bylaws of the
said corporation, the corporation, for tina
reason, shall not be dissolved but it shall bt
e lawful on any other day to hold su h election
in such manner as may be provided by thu
bylaws; and all acts of Trustees or Mana
gers shall be valid as against such corporation
until their successors shall be elected.
. Sec S. And be it enacted, That subscrip
tions to the capital stock of such of said corpo
r rations as have capital stock, may be made II