328
To make by-
laws or rules.
Stockholders
liable.
List of stock-
holders to be
posted up.
Protecting
minority.
In force.
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LAWS OF MARYLAND.
SEC. 4. And be it enacted, That the directors be and
they are hereby authorized to make, from time to
time, as they may deem expedient, such by-laws or
other rules for the regulation and government of
themselves and said corporation, and the same to
change, add to or amend, as may appear necessary and
proper; prodded, always, that the same be not con-
trary to the laws of this State or the provisions of
this charter.
SEC. 5. And be it enacted. That the stockholders.
of said bank shall be liable to the amount of their
respective share or shares of stock in the corporation.
for all its debts and liabilities.
SEC. 6. And be it enacted. That it shall be part of
' the duty of the President to cause to be posted up
in some conspicuous part of the banking house, on
or before the fifth day of each and every month, a
list of those who were stockholders on the first day
thereof, and the number of shares held by each.
SEC. 7. And be it enacted, That the directors be au-
thorized, in the by-laws aforesaid, to make provision
for protecting the minority by allowing one-eleventh
or more of the stock to elect one of the directors;,
and the State reserves to itself the right to repeal,.
alter or amend at pleasure.
SEC. 8. And be it enacted. That this Act shall take
effect from the date of its passage.
Approved April 1, 1872.
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