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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2656   View pdf image (33K)
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ODEN BOWIE, ESQUIEE, GOVERNOR. 117

sum so paid or advanced, and all penalties in-
curred under the by-laws in respect thereof.
Shares, when thus redeemed or advanced on, shall
be canceled, and an equal number of new shares
may be issued in their stead.

 

Sec. 5. And be it enacted, That the Board of
Directors are fully empowered to employ all
officers, agents and servants necessary to fulfil the
objects aforesaid; to dismiss the same, to allow
compensation thereto, and, in their discretion, to
require bond for the faithful discharge of the du-
ties of such officers and agents; to make all such
by-laws as may be necessary for the government
of its officers and the conduct of its affairs, and
the same to alter and repeal at pleasure.

Compensation

Sec. 6. And be it enacted, That each stockholder
shall be liable to the amount of his or her share
or shares of stock for all its debts and liabilities
upon note, bill or otherwise; and the hooks, pa-
pers and accounts of the said Bank shall be open
to inspection under such regulations as may he
prescribed by law.

Liability.

Sec 7. And be it enacted, That the Directors
may declare semi-annual dividends of the profits,
or so much thereof as they may deem proper, in
such form as they shall elect.

 

Sec. 8. And be it enacted, That the Board of
Directors may call a general meeting of the stock-
holders, when the affairs of the Corporation re-
quire, giving at least fifteen days' notice thereof
in two daily newspapers in the city of Baltimore;
and any number of stockholders holding together
not less than one-third of the unredeemed shares,
may at any time apply to the Board of Directors
to call a general meeting of the stockholders for
any purpose relative to the affairs of the Corpora-

General meet-
ing of stock-
holders.

tion, and if the Board refuse to call the meeting,
the number of stockholders, proprietors of the
number of shares aforesaid, shall have power to
call a general meeting of stockholders, giving
notice thereof as aforesaid, specifying in the notice
the object of such meeting.

Meeting.

Sec. 9. And be it enacted, That a majority in
amount of the whole number of stockholders may,
in their discretion, accept and exercise any addi-

Stockholders
to accept.

 

 

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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2656   View pdf image (33K)
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