Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-02-09

pany as the bylaws shall provide. Each
| share of said capital stock shall entitle its
holder to vote in all meetings of the stock
| holders of said company, which may be
cast by the owner thereof or his duly con-
stituted proxy.
| Management.
| 8. The property, business and affairs of
the said company shall be controlled, con-
| Quoted and managed by board of seven
directors, each of whom shall be a stock
| holder, but the number thereof may be
from time to time increased by authority
of the stockholders evidenced by resolution
adopted by a majority in amount of the
| holders of all the stock at any annual or
general meeting Of such stockholders. and
| by the addition to said number of the vice
president vice presidents as provided
| for in section 4. The directors shall be
| elected by the stockholders at each annual
meeting thereof, and shall hold their Of
| flee until their successors shall have been
| duly elected and qualified, but in case of
omission to hold such annual meeting in
any year the directors heretofore in office
shall continue therein and discharge all
| the functions thereof until the next annual
meeting and until their successors shall
| have been elected and qualified. If any
vacancy shall occur in the Office of director
| by death, resignation, incapacity refusal
to serve, such vacancy shall be filled by the
remaining directors, and the person or per-
| sons so chosen shall continue in office until
their successors shall have been duly elect
ed and qualified.
4. The officers of the said company shall
consist of a president. one or more vice
presidents, as the bylaws shall prescribe,
a secretary and treasurer Cwho may be the
same OF different perSonS), and there Shall
be such other officers, servants and en-
ployes as the bylaws shall prescribe or as
the directors may from time to time deem
necessary to properly conduct the business
of tho said company. The president, vice
president or vice presidents, secretary and
treasurer shall be elected annually by the
board of directors. The president shall be
chosen from their own number, and the
vice presidents may either be chosen there
from or otherwise. but when elected shall
each az more than one), be ex-oftlcio MEM
bers of the board of directors, and exercise
fully the functions and prerogatives of
director.
8. The corporators named in the first sec
ton of this act, or a majority OF them,
shall be- and hereby are, authorized and
empowered to meet within six months after
the passage of this act, at such time and
place they may agree upon, to receive
subscriptions to the capital stock OF the
said company and when and soon as
9 500 shares thereof shall have been sub
scribed the said corporation shall be deemed
duly organized, and thereupon the said cor
porators shall be and become the first d.
rectors thereof shall prescribe and adopt
the necessary bylaws for the government
of the corporation, elect president and the
other officers designated in section OF this
act, and generally exercise the functions
and psrform all the duties of directors as
fully and effectually as If elected by the
stockholders. until the first annual meeting
of the stockholders thereafter and until
their successors shall have been duly elect
ed and qualified
Power of the Corporation.
g. The corporation hereby created shall
have power and authority to acquire and
become possessed, by purchase, lease, agree
ment or otherwise and to use, operate and
dispose of. all or any portion of the rail-
road stations, tracks, bridges and other
property and appurtenanceS of the Balti-
more and Potomac Railroad Company stu
ated within the limits of the District of CO.
lumbia, or southwark thereof, including the
Long bridge over the Potomac river and
the whole or any part of the line of rail-
road, branches, railroad stations, tracks,
property and appurtenanceS of the Wash
ington Southern Railway Company in the
state of Virginia. together with all the cor
porate rights and franchises which or
may be exercisable upon the portion of
property acquired from the Baltimore and
Potomac Railroad Company the Wash
ington Southern Railway Company, with
the right to exercise the same fully,
completely and entirely as they might or
could have been exercised, or might or
could hereafter be exercisable, by each OF
the said last named corporations; and au-
thority necessary to effectuate and consum-
mate any such purchase, lease, agreement
or other arrangement herein contemplated,
and to execute the REQUISITE deeds. leass or
other agreements to evidence and effectuate
the same,is hereby expressly conferred upon
each of the parties thereto. The said cor
poratfon hereby created shall also have
power and authority TO acquire, own, hold
and operate, lease and dispose of any other
railroad or station property. as well as any
other real and personal property, including
stocks, bonds and securities of corporations
hich shall, in the judgment of its direc-
tors be deemed advisable to effectuate the
purposes herein specifically authorized and
shall also have power for the same pur-
poses to assume the undertaking and obli-
cation Of any other corporation, and, for
like purposes, to guarantee payment or
performance Of any obligation, covenant or
undertaking Of any corporation.
T. The said company hereby created shall
have full power and authority from time
to time and as the necessities of its busf-
ness may require, to borrow money In
such sums and upon such terms as it's d.
rectors may deem advisable, and to issue
its notes. bonds or other evidences of in;
debtedness to represent the same, and may
also. with the approval Of a majority In
amount Of the holders of all its capital
stock. expressed by resolution adopted
at any annual or general meeting of such
stockholders. secure the payment thereof,
either by a pledge or pledges or by one
or more mortgages or deeds of trust of all
or any part OF its property. real and per-
sonal, and all rights and PRIVILEGES accru-