1849.

LAWS OF MARYLAND.

CHAP. 551.

To make bye-
laws.

SEC. 5. And be it enacted, That the said associa-
tion shall have full power and authority to make any
bye-law or bye-laws, whereby any member thereof
failing to pay the assessments according to the con-
stitution and bye-laws of the said association, until
the fines imposed for such neglect or refusal equal in
amount the entire sum of the assessments paid in
by such member, may be excluded from all and every
benefit that he might otherwise have become enti-
tled to.

Alteration and
amendment.

SEC. 6. And be it enacted, That the constitution
and bye-laws of said association shall only be amend-
ed or altered, saving however the condition express-
ed in the fourth section of this act, which shall re-
main unalterable, by a general meeting of the mem-
bers of said assignation, convened in pursuance of
public notice, given in at least one newspaper publish-
ed in the city of Baltimore, when each member pre-
sent shall have one vote, and two thirds of the votes
thus given shall decide, and any alteration or amend-
ment of the constitution or bye-laws that may he
thus made, shall be binding on all the members of
said association.

Officers — how
and when to be
chosen.

SEC. 7. And be it enacted, That the officers of said
association shall consist of a president, vice president,
treasurer, secretary and standing committee, consist-
ing of several members holding no other office in the
association, to be elected at a general meeting to be
held annually, and a majority of the members present
shall be necessary to a choice, the association shall
also have power to fill vacancies in any of the said
offices, and to appoint such other officers as it may
deem expedient, and in such manner, and at such time
as it may deem proper.

Banking forbid.

SEC. 8. And be it enacted, That nothing herein
contained shall be construed to grant banking privi-
leges to said association, or the right, to issue any note
of the nature of a bank note.

Reservation.

SEC. 9. And be it enacted, That the right is hereby
expressely reserved to the General Assembly of Mary-
land to alter, amend or annul this act of incorporation
at pleasure.

Acts made

valid.

SEC 10. And be it enacted, That the arts of said as-
sociation and of the members thereof, as such, which
do not exceed the powers to them granted by this act
of incorporation, and which have hitherto been done,
he and they are hereby declared and made valid and
effectual in law.