|
the funds and assets of said Company only to
be liable for the debts and claims due by the cor-
poration. |
General Meet-
ings—notice to
be given, |
Sec 8. And be it enacted, That the Board of Di-
rectors or the Stockholders holding a majority of
the stock, shall have power at any time to call a
general meeting of the Stockholders, by giving
three weeks' notice in at least three of the news-
papers published in Baltimore, of the time and
place of such general meeting, and at all such
meetings the votes shall be taken as in the man-
ner of electing Directors, and a majority of the
stock represented at such meeting shall have
power to direct the winding up and closing the
concerns of said Company. |
President to
be chosen. |
Sec. 9. And be it enacted, That the persons
named in this Act are hereby constituted Direc-
tors, with power to choose from among their num-
bers a President, and that they be hereby further
empowered to act as, and exercise all the powers
of President and Directors under this law, until
superceded by an election of Directors, pursuant
to the provisions of this Act. |
Banking pri-
vileges prohib-
ited. |
Sec. 10. And be it enacted, That the said cor-
poration is hereby prohibited from issuing any
note or evidence of debt to be used as currency, and
that the right is hereby reserved to modify, change
or repeal this act at pleasure. |
To continue
for thirty years |
Sec. 11. And be it enacted, That this Act shall
continue for thirty years from the date of its pas-
sage if not sooner repealed by the General As-
sembly. |
|
CHAPTER 77. |
Passed Mar
13,1867. |
AN ACT for the incorporation of Olive Branch
Lodge, No. one hundred and four, of the Inde-
pendent Order of Odd Fellows. |
Incorporated
—power and
privileges |
SECTION 1 Be it enacted by the General Assembly
of Maryland, That William J. Langrell, Henry |