912

LAWS OF MARYLAND.

which shall be open at all times to the inspection
of the stockholders or members and they shall an-
nually prepare a full and true statement of the af-
fairs of the Corporation, which shall be certified to
by the President and Secretary and submitted at
the annual meeting of the stockholders or mem-
bers.

General
meeting.

Sec. 6. And be it enacted, That general meet-
ings of the stockholders of any corporation, incor-
porated under the laws of this State, may be called
at any time upon the requirements of stockholders
entitled to vote a majority of the stock of said
corporation, of which meeting not less than ten
days' notice shall be given in a newspaper pub-
lished in the county in which the principal place
of business of said corporation is situated, and
also in a newspaper published in the city of Balti-
more, and when said principal place of business is
situated in said city then in two newspapers pub-
lished therein, and if the President and Directors
refuse to call such meeting, the said stockholders
so owning a majority of said stock may do so on
giving notice as above set forth.

May be
removed from
office.

Sec. 7. And be it enacted, That at any general
meeting of the stockholders, called as provided for
in the next preceding Section, any President, Di-
rector or Directors of said corporation may by a
vote of a majority in interest of the whole number
of stockholders be removed from office, and another
or others be appointed in the place of the person
or persons so removed to serve for the remainder
of his or their turn.

Notice of
election.

Sec. 8. And be it enacted, That whenever five or
more stockholders of any private corporation, crea-
ted under the laws of this State, at least thirty
days before an election for Managers, Directors or
other officers of such corporation elected by the
stockholders thereof, shall give notice in writing
of their intention to canvass the votes, which may
be given at the next election thereof, and shall
deliver said notice at the usual place of business
of such corporation to the President, Cashier, Sec-
retary, Treasurer, Director or other principal
manager of such Company, it shall be the duty of
the officer receiving such notice, immediately to
communicate the same by mail to all the stock-
holders of such corporation living in the State.