JOHN LEE CARROLL, ESQUIRE, GOVERNOR

459

railway intended to be made according to the pro-

visions of this act.

SEC. 4. And be it enacted, That the members of said

company shall meet annually on the first Monday in

Meet annu'lly

January, in each and every year after the time pre-

scribed in the aforegoing section, for the first election

in the Town of Easton in Talbot county, whereof

public notice shall be given, of at least fifteen days,

in some newspaper published in said town, and a

majority of the members who shall attend the said

meeting in person or by proxy, shall elect by ballot,

from among the stockholders, one person to serve as

president and four persons to serve as directors, who

Elect presi-
dent.

shall be bona fide residents of the State of Maryland,

whose term of office shall be twelve months, and

until others shall be duly elected to succeed them,

which said president and directors, during the term

of service, shall constitute a board for the sole man-

agement and direction of the stock, property, busi-

ness affairs and concerns of said company; the holder

of each share of stock that has been fully paid up,

being entitled to one vote, and the person or persons

Entitled.

having the greatest number of votes shall be elected

to the office of president or directors, designated by

such votes, and if it shall happen at any election, that

two or more persons shall have an equal number oi?

votes, so that no choice shall have been as to such

person, then the stockholders authorized to vote,

shall proceed at once to ballot a second time, when

a plurality of votes shall determine their choice, until

the required number shall have been completed; and

in case it shall happen, at any time, that an election

of officers shall not be made on the day hereinbefore

designated, the said corporation shall not, for that

purpose, or for any non-user, be taken or deemed to

be dissolved, but it shall and may be lawful on any

Be lawful.

other day or days, within sixty days thereafter, to

hold an election for officers in such manner as may

be more particularly directed by the by-laws of said

company, in all cases there being not less than fifteen

days' notice of said election to be given in some news-

paper of the said town or county.

SEC. 5. And be it enacted, That the purposes for

which said railway company is incorporated, and