50

LAWS OF MARYLAND.

a suitable lot or building within the limits of the
city of Baltimore for the purpose of transacting
the business of the Company.

Not answer-
able in person.

Sec. 13. And be it enacted, That no stockholders
in this Company shall be answerable in person, or
individual property, for any contract or agreement
of said Company, or for any losses, deficiencies, or
failure of the 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.

Open books.

Sec. 14. And be it enacted, That as soon as prac-
ticable, after the passage of this Act, the persons
named in the first Section thereof, shall open books
for subscription to the capital stock of the Com-
pany at some public place or places in the city of
Baltimore, of which public notice shall be given,
and shall keep the same open twenty days or
longer at their discretion.

Transfer stock

Sec. 15. 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 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.

General meet-
ing.

Sec. 16. 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 ten days notice
thereof in two of the daily newspapers of the city
of Baltimore ; and any number of stockholders,
not less than fifty, holding together not less than
five hundred shares of the capital stock of said
Company, may, at any time, apply to the President
and Directors to call a general meeting of the
stockholders for any purpose relative to the affairs
of the Company, and if the President and Direc-
tors refuse to call such meeting, 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 ten days notice