§ 8-4-3-1 — Election

The stockholders of any railroad company
incorporated in this state before May 6, 1853, or that may be
incorporated after May 6, 1853, may, by the vote of a majority in
interest of the stockholders of such company, at any annual or other
meeting thereof, determine that the directors of said company shall
consist of any number not less than five (5) nor more than thirteen (13),
who shall be chosen from any of the stockholders; and thereafter such
company may elect from any of its stockholders the number of directors
it has fixed and determined upon, in the same manner and with the
same effect as if this section was contained in the original statute
incorporating such company.
Formerly: Acts 1852, 1RS, c.85, s.2. As amended by
P.L.62-1984, SEC.46.