they shall annually prepare a full and true state-
ment of the affairs of the company, which state-
ment shall be certified to by the President and
Secretary.

Sec. 13. And be it enacted, That the President
and Directors shall have power to purchase or hire
a suitable lot or building within the limits of the
city of Baltimore, for the purpose of transacting
the business of the company.

May hold real
estate.

Sec. 14. And be it enacted, That no stockholder
in this company shall be answerable in person or
individual property for any contract or agreement
of said company or for any losses, deficiencies or
failure of the capital stock of this company, but
the whole of said capital stock, together with all
the property, rights and credits belonging there-
unto, and nothing more, shall at any time be ans-
werable for demands against said company.

Liability of
stockholders.

Sec. 15. And be it enacted, That as soon as
practicable, after the passage of this Act, the per-
sons named in the first section thereof, shall open
books for subscription to the capital stock of the
company, at some public place or places in the city
of Baltimore, of which public notice shall be given,
and shall keep the same open for twenty days or
longer, in their discretion.

Subscription
to stock.

Sec. 16. .And be it enacted, That the stock of
this company may be assigned and transferred on
the books thereof in person or by power of attor-
ney only, but no stockholder indebted to the com-
pany shall be permitted to make a transfer or re-
ceive a dividend until such debt is paid or secured
to be paid to the satisfaction of the President and
Board of Directors.

Transfer of
Stock.

Sec. 17. And be it enacted, That the President
and Directors may call a general meeting of the
stockholders for any purpose relative to the affairs
of the company, giving at least fifteen days' notice
thereof in the daily newspapers of the city of Bal-
timore, and any number of stockholders, not less
than fifty, holding together not less than five hun-
dred shares of the company, may at any time ap-
ply to the President and Directors to call a gene-
ral meeting of the stockholders for any purpose
relative to the affairs of the company, and if the
53

General meet
ing.