JOHN, LEE CARROLL, ESQUIRE, GOVERNOR

513

held thereafter at such time and places as the by-

laws of said company may prescribe, and the said

directors of said company shall have all the powers

and authority given to them by this act, and such

other power and authority, not inconsistent with the

provisions of this act as may be conferred on them

by the resolutions and by-laws of said company.

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

company shall consist of such members, not less

than five, nor more than ten, as the by-laws of said

company may prescribe, all of whom shall be stock-

holders in said company, and the president and

directors of said company shall have power to ap-

Have power.

point and remove all officers and agents of the com-

pany, to manage and conduct all its business of every

kind, and to execute, if deemed by them expedient,

any deed of trust or mortgage as security for the

payment and fulfillment of any or of all its debts,

contracts and liabilities.

SEC. 5. And be it enacted, That all meetings of the

Meetings-

stockholders or directors of said company may beheld

where held.

either in the City of Baltimore, or at such other place

in the State of Maryland as the president and direc-

tors of said company may from time to time appoint,

ten days public notice of the same, being given in

Public notice.

two daily newspapers published in the City of Balti-

more, and in all meetings of the stockholders, a

majority of the stock represented, and in all meet-

ings of said president and directors, a majority oi

said president and directors shall constitute a quorum

for the transaction of business.

SEC. 6. And be it enacted. That nothing herein con-

Be construed.

tained shall be construed to give said company bank-

ing privileges.

SEC. 7. And be it enacted, That the General Assem-

bly may alter, amend or repeal this act at pleasure,

Reserved.

Approved April 8, 1876.