556
In case of re-
fusal.
Not person-
ally liable.
Directors
may delegate
powers
Lawful to
hold an elec-
tion on a day
fixed.
Made perpe-
tual
Reserved
In force.
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LAWS OF MARYLAND.
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 pub-
lished 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 hereby competent for
the said stockholders holding not less than one thou-
sand shares, to call such general meeting in the man-
ner above specified..
SEC. 10. And be it enacted, That no stockholder or
other member of this corporation shall be answera-
ble, 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.
SEC. 11. 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 corpor-
ation to issue any note, token, device, scrip or other
evidence of debt to be used as currency.
. SEC. 12. And be it enacted. That if it 80 happen from
any cause an election for directors shall not be made-
on the day appointed in this charter, it shall be law-
ful 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.
SEC. 13. And be it enacted. That when the sum of
one hundred thousand dollars shall be subscribed and;
paid in, in cash, then the charter of this corporation
shall be and the same is hereby made perpetual: the-
General Assembly reserving to itself the right at any
time to alter or amend the same.
SEC. 14. And be it enacted, That this Act shall take
effect from the date of its passage.
Approved April 1, 1872.
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