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The Maryland Code Public General Laws, 1904
Volume 393, Page 310   View pdf image (33K)
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310 BANKS. [ART. 11

two newspapers published in the county, if there be two news-
papers published in the county where the corporation may be
located, if not located in said city.

Art. 19. At all meetings of the stockholders of the corpora-
tion for elections and other purposes, no person shall be
allowed to vote on any share or shares of stock at such meet-
ings, either in person or by proxy, unless the said person shall,
if required by a stockholder, make oath before the judges of
election, or other officers of the meeting, that he or she, as the
case may be, is the lawful and bona fida owner of said stock,
having purchased and paid, or secured payment for the same,
a full consideration, or received the same by inheritance,
bequest, marriage, distribution, or gift, and without any under-
standing that the said stock is to be transferred to the party
from whom it was received; or in case of voting by proxy or
power of attorney, the person holding such proxy or power of
attorney, shall make oath or affirmation, if required by a stock-
holder, that he believes his principal, for whom he offers to
vote, bought and paid, or secured the payment for the said
stock a full consideration, or that the said principal, to the
best of his knowledge and belief, is the real bona fide owner of
said stock, having acquired the same, as the case may be, by
inheritance, bequest, marriage, distribution, or gift; provided",
however, that this provision shall only apply to such shares of
stock in the corporations aforesaid as shall appear to have
been transferred upon the books of the corporation within one
year next preceding the meeting at which it is offered to vote
upon them.

Art. 20. It shall not be lawful for any of such banking insti-
tutions to make discounts in or pay out any funds or money
other than the legal currency of the United States, notes issued
by authority of their charter, and notes issued by other bank-
ing corporations, received at their par value by the banks so
paying them out.

Art. 21. On the first Monday in January, annually, the presi-
dent or other proper officer of each bank or banking institution
doing business in this State, under charter from the general
assembly thereof, or under the provisions of sections 19 to 32
of this article, shall pay or cause to be paid to the treasurer of
this State the sum of twenty cents on every hundred dollars
of the issue of notes then in actual circulation, which it shall
be lawful for such bonks or banking institutions to issue, to be


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 310   View pdf image (33K)
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