|
THOMAS SWANN, ESQUIRE, GOVERNOR. 145
|
constitute a Board and quorum for the transaction
of all kinds of business, and shall be competent to
appoint all such officers, agents and servants what-
soever, as they may deem necessary for the trans-
action of the business of the Company ; to fix their
compensation, and to dismiss them at pleasure ; to
provide for requiring and taking security for the
faithful performance of the duty of any office of the
Company ; for making all contracts which may be
necessary to effect the purposes contemplated by
this Act ; and for settling all the accounts of the Com-
pany ; to provide for furnishing to the stockholders
certificates or other evidences of their rights to stock,
|
 
|
|
and for the transfer of the stock, and' evidence of
such transfer ; and to pass all such by-laws as shall
be proper or necessary for exercising all the pow-
ers, rights and privileges vested in the Company
hereby incorporated, or in the said Directors, or for
the performance of the duties required of them by
this Act ; and the said by-laws from time to time
to alter or repeal, subject nevertheless to the revis-
ion of the stockholders, at a general meeting as
hereinafter provided.
|
By-Laws,
|
|
Sec. 8. And be it enacted, That the said Com-
pany are hereby invested with all the rights and
powers necessary for the construction of a turnpike
road from near Downey's Mills, through to New
Market and New London to Libertytown, provided
that the Company may use the bed of the public
road now leading from Downey's Mills through-
New Market and, New London to Libertytown, or
so much thereof and with such divergence as they
may find necessary.
|
Use public
road.
|
|
Sec. 9. And be it enacted, That the President
and Directors of said Company may agree with
owners of land required for said road, and also for
the purchase of stone, gravel, earth, sand or tim-
ber for said road, and in all cases where they are
unable to agree with the owner or owners, or should
he or she be a feme covert or a non compis mentis,
or under age, the said President may ap'ply to a
Justice of the Peace of the county aforesaid, who
shall thereupon issue his warrant to the Sheriff of
the county aforesaid, commanding him to summons
twenty disinterested persons qualified to act as jurors
in the Circuit Court; to meet upon the lands after
10
|
Condemn.
|
|
 |