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Session Laws, 1834
Volume 541, Page 225   View pdf image (33K)
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1834.

LAWS OF MARYLAND.

CHAP 210.

the making or declaring of such dividend, shall be deemed
to have consented thereto, unless he shall immediately enter
his dissent, in writing, on the minutes of the proceedings
of the board, and give public notice to the stockholders that
such dividend has been declared

Directors no com-

pensation

Article 11 — No director shall be entitled to receive any
emolument for his bervices, unless the same shall have been
allowed at a general meeting of the stockholders, and the

President com-
pensation

directors shall make such compensation to the president, for
his extraordinary attendance at the Bank, as shall appear to
them reasonable

General meetings

Artrcle 12 — That the commissioners above named, until
said Bank shall be organized, or thereafter, the President
and directors of said Bank may, at any time, call a general
meeting of its stockholder, for any puipose lelative to the
institution giving at least six weeks notice in two or more
daily newspapeis in the city of Baltimore, and any number
of stockholders, not less than fifty, who, together shall be
proprietors of one thousand shares, may at any time apply
to the said president and directors to call a general meeting
of the stockholders for any purpose relative to the institu-
tion, and if the president and directors shall refuse to call
such meeting, the said number of stockholders, proprietors
cf not less than the aforesaid number of shares, shall have
power to call a general meeting of the stockholders, giving
at least sixty days notice in two or more daily newspapers
in the city of Baltimore, and specifying in such notice the
object or objects of such meeting, and it is hereby made
the duty of the president and directors of said Bank, upon
the application of any ten stockholder for that purpose, to
give such stock holders a full list of the names of all the
stockholders in said Bank

Officers bond

Article 13— Every Cashier or Treasurer, before he en
ters upon the duties of his office, shall be required to give

president and dnectors, in a sum notices than fifty thousand
dollars, with a condition fof his good behavior

Article 14 — The lands, tenements, and hereditaments,
which it shall be lawful for the said corporation to hold,
shall be only such as shall be requisite for its immediate
accommodation in relation to the convenient transacting of
its business, and such as shall have been bona fide mort-
gaged or conveyed to it by way of scrurity, or in satisfac
tion of debts contracted in the course of its dealings, or
purchased at sales upon judgments, which shall have been



 
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Session Laws, 1834
Volume 541, Page 225   View pdf image (33K)
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