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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2717   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR. 379

meeting of the stockholders, giving ten days notice
in said newspapers specifying in such notice the
objects of such meeting.

 

Sec. 8. And be it enacted, That as soon as prac-
ticable after the passage of this Act, the persons
named in the first Section of this Act, or a ma-
jority of them, shall open books for subscription
to the capital stock of said Company at some
suitable place or places in the city of Baltimore,
of which public notice shall be given, and shall
keep the same open for one week or until eight
thousand shares are subscribed and taken.

Open books.

Sec. 9. And be it enacted, That a majority in
amount of the whole number of stockholders may
in their discretion accept and receive any additional
power and privileges, which may at any time be
conferred upon the said Company either by amend-
ment of this Act or by any other Act hereafter to
be passed.

Additional
powers.

Sec. 10. And be it enacted , That nothing herein
contained shall be so construed as to confer bank-
ing privileges on said Company to issue any note
or other evidence of debt to be used as currency.

Banking pro-
hibited.

Sec. 11. And be it enacted, That in any suit by
or against this Company, no stockholder as such
shall be incompetent as a witness, unless he be
otherwise incompetent.

Witness.

Sec. 12. And be it enacted, That this Act shall
take effect from the date of its passage, and con-
tinue in force until the year eighteen hundred and
ninety-seven, and until the end of the next Session

In force.

of the General Assembly which shall take place
thereafter, and that the General Assembly reserves
to itself the right to repeal or amend this Act oi
incorporation at its pleasure.

Approved March 28, 1868.

Limit.



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2717   View pdf image (33K)
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