314

LAWS OF MARYLAND.

they may deem advisable to make and employ
agents, and attornies to carry the same on, and
generally to use any lawful means to further and
promote the objects of their organization.

Sec. 4. 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 majority

Open books.

of them shall open books for the subscription to the
capital stock of said Company, at some suitable
place or places in the City of Baltimore, of which

Public notice.

public notice shall he given, by advertisement for
one week in two daily newspapers in the City of
Baltimore, and shall keep the same open for two
weeks, or until one thousand shares thereof are
subscribed for and taken.

Sec. 5. And be it enacted, That the President

Power of
officers.

and Directors shall have power by their by-laws to
regulate the payment by instalments in stock sub-
scribed for to assess the stock for the legitimate
purposes of the Company, and to forfeit the same,
and all instalments paid thereon, and no more

Levy assess-
ments.

after thirty days notice of such assessment having
been made and levied in case such assessment is
not paid.

Sec. 6. And be it enacted, That nothing herein
contained shall be construed so as to confer hank-
ing privileges on said Company, or to permit the

Not to issue
as currency.

issuing of any note or other evidence of debt, to be
used as currency, and the stockholders of the said
National Co-operative Business Agency Company
shall be liable for the full amount of the stock held
by them.

Inconsistent
repealed.

Sec. 7. And be it enacted, That all Acts, or parts
of Acts inconsistent with this Act be and the same
are hereby repealed.

In effect.

Sec. 8. And be it enacted, That this Act shall
take effect from the date of its passage, and shall
continue in force until the first day of January,
nineteen hundred, and until the end of the next
session of the General Assembly, which shall take
place thereafter, and the General Assembly reserves

May annul.

to itself the right to repeal and annul this Act of
Incorporation at its pleasure.

Approved March 31, 1870.