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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2787   View pdf image (33K)
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THOMAS SWANN. ESQUIRE, GOVERNOR. 449

affairs of said corporation and to make a report
thereof, which report shall be recorded in a book
kept for that purpose that shall be opened for the
inspection at all times of any stockholders, and
thereupon it shall be the duty of the succeeding
Board of Directors within ten days thereafter,
after their qualifications, to declare such dividend
of the profits as shall have been made during the
past year upon unredeemed shares, and all divi-
dends due to holders of unredeemed shares who
may have paid up the entire amount of the par
value of their stock in advance or otherwise shall
be paid to the holder thereof in cash, and all divi-
dends upon unredeemed stock not yet paid up in
full shall be pro rata passed to the credit of the
holder thereof in reduction of the future install-
ments of the same.

 

Sec. 9. And be it enacted, That on the trial of
any action or proceeding at law or equity, in which
the property or interest of said corporation maybe
in any way concerned, any stockholders in said
corporation shall be a competent witness and shall
not be objected to on account of any interest he
may have as a stockholder or member in the re-
sult of any such action or other proceeding.

Witnesses.

Sec. 10. And be it enacted, That the oath of the
presiding officer, Secretary or Treasurer of said
corporation, as to the truth and bona fide con sider-
ation mentioned in any mortgage, bill of sale or
any other instrument of writing shall be taken
and deemed to all intents and purposes to be a full
compliance with the twenty-ninth Section of Arti-
cle twenty-four of Maryland Code of Public Gen-
eral Laws, and an Act of Assembly of eighteen
hundred and forty-six, Chapter two hundred and
ninety-one, entitled "An Act to Prevent Frauds

Oath.

in Mortgages and Bills of Sale and any Supple-
ment or Supplements thereto ;" and that the, oath
of the Treasurer or other financial officer of the
said corporation whose duty it may be to keep the
books of accounts of the said corporation, shall be
so taken and deemed to be a full compliance with
the provision of the Act of Assembly of eighteen
hundred and thirty-three, Chapter one hundred
and eighty-one, entitled "An Act Relating to
Mortgages or any Supplement or Supplements
29

Officers,



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2787   View pdf image (33K)
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