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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2730   View pdf image (33K)
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ODEN BOWIE, ESQUIRE, GOVERNOR. 191

together with all the property, rights and credits
belonging thereto shall be answerable for the debts
and liabilities of said Company,

 

Sec. 7. And be it enacted, That the stock of this
Corporation may be assigned or transferred on the
books of this Corporation in person or by attorney
only; but no stockholder indebted to the Corpora-
tion shall be permitted to make a transfer of his
stock or receive any dividend until such debt is
paid or secured to the satisfaction of the President
and Directors.

Dividend not
payable while
indebted.

Sec 8. And be it enacted, That the Directors
may call a general meeting of the stockholders for
any purpose relating to the affairs of the Corpora-
tion, by giving at least five days' notice thereof
in one or more of the daily newspapers published
in the city of Baltimore. They may he required,
on the written application of the shareholders

Give notice.

holding one thousand shares or more of stock, to
call such general meeting, and in case of their re-
fusal or failure so to do, the said shareholders
holding one thousand shares or more of stock may
call said general meeting in manner above men-
tioned.

General meet-
ing.

Sec. 9. And be it enacted, That nothing in this
Act shall be so construed as to authorize the said
Corporation to issue any note, token, scrip or evi-
dence of debt to be used as currency; and the
Legislature hereby reserves the right to alter,
amend or repeal this Act or any part thereof.

Not to issue.

Sec. 10. And be it enacted, That this Act shall
take effect and have full operation from the date
of its passage.

Approved March 23, 1870.

In force.

CHAPTER 122.

AN ACT to authorize the Mutual Building Asso-
ciation of Annapolis, to construct a bridge from
the city of Annapolis over Spa Creek, in Anne
Arundel County.

SECTION 1, Be it enacted by the General Assembly
of Maryland, That the Mutual Building Associa-

 

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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2730   View pdf image (33K)
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