LAWS OF MARYLAND.— 1836.

1243

by the second section of this act, to be made on the requisition

of five or more stockholders voting in person, a certificate of

which oath or affirmation shall be produced before the person

or persons holding said election, before any vote by proxy shall

be received.

SEC. 5. And be it enacted, That no person or persons shall

Oath of

act as director of any bank requiring that the directors thereof

ownership
required of

shall hold any number of shares therein, unless the said direc-

directors.

tor, before he shall proceed to discharge his duties as director in

said bank, shall make oath or affirmation, as the case may bef

before some justice of the peace, that he is the sole and bona

fide owner of the stock standing in his name on the books of

said bank, and that the same has not been transferred to qualify

him to serve as director in said bank.

SEC. 6. And be it enacted, That in all cases when the stock

Stock hy-

in any money corporation in this state, shall or may have been

pothecated.

hypothecated or pledged by the owner or owners thereof, as a

security for the payment of any debt or loan, such owner or

owners so hypothecating or pledging the same, shall, until for-

feiture of the pledge, upon exhibiting to the person or persons

holding any election in such incorporated company, a certificate

in writing from the pledge or pawnee of such stock, certifying

that the same is held in pledge or by hypothecation, be deemed

and taken to be the holder or holders, owner or owners, of such

stock, within the intent and meaning of this act, and as such

Pawnee

shall be entitled to vote thereon, subject to the same conditions

may vote.

as are prescribed in the second and fourth sections of this act ;

Provided, that this act shall not be construed to apply to any

Restriction.

proxy given before the passage of this act by any stockholder

now out of the United States, or to any stockholder now resid-

ing beyond the United States, and having no partner in trade

in the United States; And provided, that nothing in this act

Further

shall be construed to extend to the next election of directors or

restriction.

other officers in any private corporation, where such election

shall or may take place prior to the expiration of thirty days

from the passage of this act; And provided further, that this

Publication'

act shall not be in force unless it be published in at least two

required to
give validity

daily newspapers printed in the city of Baltimore, for at least

fifteen days before the twentieth day of April next.

CHAPTER 269.

AN ACT relating to Changing the Venue for the trial of issues of Fact

framed in the Court of Chancery, or any County Court as a Court of

Equity, or Orphans Court of this State, and sent to a County Court for

trial.

WHEREAS, the right of changing the venue as provided

Preamble*

for by law, is confined to any suit or action commenced or