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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 3062   View pdf image (33K)
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ODEN BOWIE, ESQUIRE, GOVERNOR. 523

corporation, either by their own vote or at the re-
quest in writing of stockholders holding not less
than one thousand shares, by giving three days
notice of such intended meeting in any of the daily
papers published in the city of Baltimore, and in
case of the refusal of said Board to call such
general meeting at the request aforesaid, then it is
made hereby competent for the said stockholders
holding not less than one thousand shares, to call
such general meeting in the manner above specified.

General meet-
ing.

Sec. 8. And be it enacted, That no stockholder or
other member of this corporation shall be answer-
able in his person or individual property for any
contracts or agreements of said corporation, or for
any losses, discrepancies or failure of the capital
stock of this corporation, but the whole of the capi-
tal stock, together with all property, rights and
credits belonging thereto, and nothing more shall
at any time be answerable for the demand against
said corporation.

Not individu-
ally responsi-
ble.

Sec. 9. And be it enacted, That the Directors may
delegate any of the powers herein conferred to an
executive committee ; nothing herein contained
shall be construed as to confer privileges on said
corporation to issue any note, token, device, scrip,
or other evidence of debt to be used as currency.

Executive
committee.

Sec. 10. And be it enacted, That should it so
happen from any cause an election for Directors
shall not be made on the day appointed in this
charter, it shall be lawful to hold an election on
such day as may be fixed by the Directors, they
causing six days notice to be given thereof in a
daily newspaper of said Baltimore City.

Hold over.

Sec. 11. And be it enacted, That the charter of
this corporation be and the same is hereby made
perpetual, the General Assembly reserving to itself
the right to at any time amend the same.

Charter per-
petual.

Sec. 12. And be it enacted, That this Act shall
take effect from the date of its passage.

Approved April 4, 1870.

In force.

 

 

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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 3062   View pdf image (33K)
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