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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 2933   View pdf image (33K)
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354
Call general
meeting.
Refusal to
call meeting.
To give full
list of stock-
holders.
Cashier to
give bond.
To hold only
such prop'rty
as requisite.
Notes not
under seal to
be binding.
LAWS OF MARYLAND.
J. The President and Directors of the corporation
may at any time call a general meeting of the stools-
holders for any purpose relative to the institution,
giving at least six weeks' notice in two or more daily
papers published in Baltimore city, and any number
of the stockholders, owning not less than one-fifth of
the stock of the corporation, may at any time apply
to the said President or Directors to call a general
meeting of the stockholders for any purpose relative
to the institution, and if the President and Directors
shall refuse to call such meeting, the stockholders.
owning not less than the 'aforesaid number of shares-
shall have power to call a general meeting of the
stockholders, giving notice as aforesaid, and specify-
ing in such notice the object of such meeting; and
it is hereby made the duty of the President and Di-
rectors of tins Bank, upon the application of any
stockholders, proprietors of not less than one-fifth of
the capital stock, to give such stockholders a full list
of the names of all the stockholders in said bank.
K. The Cashier, before he enters upon the du-
ties of his office, shall be required to give bond, with
two or more securities, to the satisfaction of the
President and Directors, in a sum not less than thirty
thousand dollars, with a condition for the faithful
discharge of his duties.
L. The lands, tenements, and hereditaments, which
it shall be lawful for this corporation to hold
shall be only such as shall be requisite for its imme-
diate accommodation in relation to the convenient
transaction of its business, or such as shall have been
bona fide mortgaged or conveyed to it by way of secu-
rity, or in the satisfaction of debts contracted in the
course of its dealings, or purchased at sales, upon
judgments which shall have been obtained for such
debts, or at foreclosure of mortgages.
M. That all bills or notes which may be issued by
order of the corporation, signed by the President
or counter-signed by the Cashier thereof, promising
the payment of money to any person or persons, his,
her, or their orders or bearer, though not under the
seal of the corporation, shall he binding and obliga-

 

 
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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 2933   View pdf image (33K)
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