ings, for the purpose of transacting the affairs of
the company, and generally to conduct the entire
business thereof.

Annual State-
ment,

Sec. 9. And be it enacted, That the President
and Directors shall keep full, fair and correct en-
tries of their transactions, which shall, at all
times be open to the inspection of the stockhold-
ers; they shall annually prepare a full and true
statement of the funds, property and securities of
the association, showing the amount in real estate,
bonds and mortgages, note and securities, in pub-
lic debt and other stock, the amount of debts due
to and from the association, which statement shall
be certified to by the President and Secretary, and
reported to the annual meeting of the stockholders.

No banking
privileges.

Sec. 10. And be it enacted, That nothing herein
contained shall be so construed as to confer bank-
ing privileges on said company; to issue note, to-
ken, scrip, device or other evidence of debt to be
used as currency.

Liability of
Stockholders.

Sec. 11. And be it enacted. That no stockholder
or other member of this association shall be an-
swerable in person, or in his individual property
for any contract or agreements of said association,
or for any losses, deficiencies or failures of the cap-
ital stock of this association, but the whole of the
capital stock, together with all property, rights
and credits belonging thereunto, and nothing
more, shall at any time be answerable for the de-
mands against the association.

Transfer of
Stock.

Sec. 12. And be it enacted. That the stock of this
association may be assigned and transferred on the
books in person or by proxy, or by attorney only.

General meet-
ings.

Sec. 13. 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 association, giving at least ten days notice
thereof in one or more daily newspapers of the
city of Baltimore; and it shall be the duty of the
Secretary to give notice of such call to each stock-
holder, not a resident of the city of Baltimore,
through the medium of the post office, and such
notice shall specify the object of such meeting; and
if the President and Directors shall refuse to call
such meeting, the stockholders and proprietors of