THOMAS SWANN, ESQUIRE, GOVERNOR
THOMAS SWANN, ESQUIRE, GOVERNOR. 633
pany, but the whole of the said capital stock, to-
gether with all property, rights and credits belong-
ing thereto and nothing more, shall at any time
be answerable for the demands against the Com-
pany. |
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Sec. 16. And be it enacted, That the stock of this
Company may be assigned and transferred on the
books in person or by proxy or by attorney only;
but no stockholder indebted to the association shall
be permitted to make a transfer or received any
dividend until such debt is paid or secured to the
satisfaction of the Board of Directors. |
Stock may be
transferred. |
Sec. 17. And be it enacted, That the Board of
Directors may call a general meeting of the stock-
holders for any purpose relative to the affairs of
the association., giving at least fifteen days notice
thereof in two daily newspapers in the City of Bal-
timore, and any number of stockholders not less
than fifty, holding together not less than one
thousand shares of the stock of the Company, may
at any time apply to the Board of Directors to call
a general meeting of the stockholders for any pur-
pose relative to the affairs of the Company, and if
the Board of Directors refuse to call such meet-
ing, the number of stockholders, proprietors of the
said number of shares, shall have power to call a
general meeting of the stockholders, giving at
least fifteen days notice in the said newspaper
published as aforesaid, specifying in such notice
the object of such meeting. |
General meet-
ings. |
Sec. 18. And be it enacted, That a majority in
amount of the whole number of stockholders may
in their discretion accept and exercise any addi-
tional power and privileges which may at any time
be conferred upon this Company, either by amend-
ment of this Act, or by any other Act hereafter to
be passed. |
Additional
powers. |
Sec. 19. And be it enacted, That in case of a
partial destruction by fire the loss shall be deter-
mined by assessors appointed as follows: the per-
son whose property is insured shall have the privi-
lege of selecting one disinterested person, and in
ten days days thereafter the Board of Directors of
this Company shall select another, should those
two persons disagree in their valuation of a 1088,
80 |
In cue of
partial des-
truction by
fire. |
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