THOMAS SWANN, ESQUIRE, GOVERNOR. 829
not be liable to be withdrawn; provided, always,
that the number of shares of stock which it shall
be lawful thus to create shall not exceed ten thou-
sand and that the Directors of the institution may
limit the number to any amount not less than two
thousand five hundred; the said shares of stock
shall be assignable by transfer, by the holders in
person or by attorney, in a book to be kept for the
purpose, at the office of the institution, and shall
be entitled to dividends of the profits in common
with the weekly depositors; at any general meet-
ing of the institution for electing Directors, or for
any other purpose, every member whose weekly
deposits shall have amounted to ten dollars, shall
be entitled in person or by proxy to give one vote
for every share of stock or its equivalent, which
he or she may bold at the time, to the amount or
value of five shares, and to one vote on every ad-
ditional five shares to the amount or value of not
exceeding one hundred shares in all and to one
vote for every additional ten shares thereafter to
the amount or value of not exceeding two hun-
dred shares in all; provided, that no member shall
be entitled to hold at any one time more than the
amount of five hundred shares in the funds of the
institution, and a majority of all the votes cast
shall be required to elect any officer. |
Provisos. |
Sec. 9. And be it enacted. That the institution
hereby authorized shall be subject to all other re-
strictions and limitations contained in the twelfth
Article of the Public General Laws of this State
and not inconsistent with the provisions of this
Act. |
Restrictions. |
Sec. 10. And be it enacted, That the concerns of
the institution hereby intended to be incorporated
shall be at all times subject to the inspection of
the Treasurer of the State of Maryland or of such
other officer or agent of the State as may be se-
lected for that purpose by either branch of the
Legislature. |
To be open
to inspection. |
Sec. 11. And be it enacted. That no one shall
become a Director or officer of this institution
who is not a citizen of the State of Maryland. |
Restriction. |
Sec. 12. And be it enacted, That noticing in this
Act shall give any authority to said corporation to
issue any note to pass as currency. |
No Banking
privileges. |
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