times be open to the inspection of the stockholders ;
they shall annually prepare a full and true state-
ment of the affairs of the company, which state-
ment shall be certified by the President and Sec-
retary.

Sec. 13. And be it enacted, That it shall and
may be lawful for said company to hire or pur-
chase and hold such and so much real estate as
shall be necessary for their convenient accommo-
dation in the transaction of their business, and
also to take and hold any real estate or securities
bona fide, mortgaged or pledged to said company
to secure the payment of any debt which may be
contracted with them; and also to proceed on said
mortgage or other securities for the recovery of the
moneys thereby secured, either at law or in equity,
and to purchase on sales made under such proceed-
ings or otherwise, to take and receive any real
estate in payment toward satisfaction of any debt
previously contracted with or due to said com-
pany, and the said real estate to mortgage, sell,
exchange or otherwise dispose of as may be deemed
most advantageous by the President and Directors
of the said company.

May hold real
estate.

Sec. 14. And be it enacted, That no stockholder
in the company shall be answerable in person or
individual property for any contract or agreement
of said company, or for any losses, deficiencies or
failures of the capital stock of this company, bat
the whole of said capital stock together with all
property, rights and credits belonging thereto,
and nothing more, shall at any time be answerable
to the satisfaction of demands against the com-
pany.

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 ten days or
longer, in their discretion.

Books to be
opened.

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-
103

Transfer of
stock.