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 purchase
or hire lot. |
Sec. 14. And be it enacted, That no stockholder
in this company shall bo answerable in person or
individual property for any contract agreement
of said company, or for any losses or deficiencies
or failure of that capital stock of this company,
but the whole of said capital stock together with
all the property, rights and credits belonging
thereunto and nothing more shall at any time be
answerable for demands against said company. |
Stockholders
not liable. |
Sec. 15. And be it enacted, That as soon as
practicable after the passage of this Act, the per-
sons named in the first sections 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. |
Books to be
opened. |
Sec. 16. And be it enacted. The stock of this
company may be assigned and transferred on the
books thereof, in person or by person of attorney
only, but no stockholder indebted to the company
shall be permitted to make a transfer or receive a
dividend until such debt is paid or secured to be
paid to the satisfaction of the president and board
of directors. |
Stock may be
transferred, |
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 two daily newspapers of the city of
Baltimore, and any number of stockholders not
less than fifty holding together not less than eight
hundred shares of the company may at any time
apply to the president and directors to call a gen-
eral meeting of stockholders for any purpose re-
lating to the affairs of the company, and if the
president and directors refuse to call a general
meeting, the number of copyholders, proprietors |
General meet-
ings. |