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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 3134   View pdf image (33K)
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WM. PINKNEY WHYTE, ESQUIRE, GOVERNOR
SEC. 6. And he it enacted. That whenever any de-
posit shall be made by a minor, the directors of said
corporation may, at their discretion, pay to such
depositor such sum or sums as may be due him or
Tier, and the check, receipt or acquittance of such
minor shall be valid; and that the deposit of married
women shall be received or held and paid out on
precisely the same terms and conditions as those of
other adult persons, any law-or statute of this State
to the contrary notwithstanding.
SEC. 7. And be it enacted, That it shall be the duty
of the Board of Directory, at a convenient time be-
fore the regular annual meeting of the stockholders,
to cause to be prepared a report of the condition of
the said corporation, setting forth its receipts and
expenditures, and such other facts in connection
therewith as may be of interest to the said stock-
holders; and the said board shall, at the same time,
name three of the stockholders, who shall not be di-
rectors, to examine the said report and determine
whether or not the same is correct; and the said
three persons shall state to the stockholders present,
in -writing, their opinion of said report and of the
condition of the said corporation as shown thereby:
said report, and all other papers connected therewith,
maybe printed or not, at the option of the board. And
if said corporation shall find the profits accrued dur-
ing the time to warrant them in so doing, including
interest, fees and other receipts, not directly known
as capital, they may at such times, and in such sums
as they may deem advisable, declare a dividend to
' the said stockholders in the ratio of the amount of
stock held by each.
SEC. 8. And be it enacted. That no stockholder shall
be permitted to transfer any stock standing to his,
her or their name on the books of the corporation, if
such stockholder shall be endebted to said corpora-
tion, without the previous payment or satisfactory
arrangement of the said endebtedness with the said
corporation.
SEC. 9. And be it enacted. That the directors may
call a meeting of the stockholders of said corpora-
tion, either by their own vote, or at the request, in
. 555
Deposit In
minors .
Married
women
To prepare
report.
To be ex-
amined
Declare
dividend.
Stockholders
indebted not
allowed to
transfer
Directors
may call
meeting.

 

 
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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 3134   View pdf image (33K)
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