144

LAWS OF MARYLAND.

two acres in any one lot or parcel for the use of the
gate-keepers, and of sueing and being sued, an-
swering and being answered, in any Court of law
or equity in this State ; and the said Company
shall have power to make a seal, and alter and
break the same, and renew it at their pleasure, and
to do all other acts necessary for the purpose for
which they were incorporated, as fully as any
other corporation may do.

Installments.

Sec. 5. And be it enacted, That the sum so sub-
scribed shall be paid to the Directors in such in-
stallments and at such times as they may direct,
by giving one month's notice of the payments re-
quired, in one or more newspapers of the county.

Elect Di-
rectors.

Sec. 6. And be it enacted, That the stockholders
in said Company shall, on the first Monday in No-
vember succeeding their organization, and on the
same day in each year succeeding, elect by ballot
tor the ensuing year five Directors as aforesaid, and
the Directors of said Company, or a majority of
them, shall have the power to appoint one or more
Judges of all Elections, and to elect a President of
said Company from among the Directors or Stock-
holders of said Company, and to allow him a com-
pensation for his services if they shall deem proper,

President.

and if any vacancy shall occur by death or resig-
nation, or refusal to act, or removal from the
county of a President or Directors, a stockholder
may be elected by the Directors to fill the vacancy
until the next annual election ; and all elections
required to be made on a particular day, if not
made on that day, may be made on any other day
after, giving thirty days' notice of such election, in
some newspaper in the county, and general meet-
ings of the stockholders may be called by any num-
ber of stockholders not less than five, nor holding
less than one-fourth of the whole number of shares,
to consider any general interest of said Company,
and the said general meeting if representing more
than one-half of the whole number of shares of
said Company, shall have power to make, alter or
repeal by a majority of the votes, in the manner
aforesaid, all or any of the by-laws, rules and regu-
lations of said Directors.

Quorum.

Sec. 7. Be it enacted, That any four of the Di-
rectors, including or without the President, shall