242

LAWS OF MARYLAND.

SEC. 5. And be it enacted, That the stock of said corpora-

Stockholders

tion shall be deemed personal and shall be liable for its debts,

not liable for
corporation's

and that the stockholders individually shall not be liable

debts.

therefor, and that the president and directors shall have the

power to call for the payment of subscription of the capital

stock as they may deem necessary, on or after thirty days next

thereafter the same shall be due and payable, and the stock

on which the demand shall have been made at the will of the

said president and directors shall be forfeited to the company

and sold for its benefit.

SEC. 6. And be it enacted, That nothing in this Act shall

Charter of

be construed to operate contrary to or contravene Chapter 123

Baltimore not
affected.

of the Act of 1898, entitled ''City of Baltimore," and known

as the new Charter of Baltimore City.

SEC. 7. And be it enacted, That this Act shall take effect

from the date of its passage.

Approved March 25, 1904.

CHAPTER 140.

AN ACT to repeal and re-enact with amendments Sections

2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 and 16 of Chapter 157

of the Acts of the General Assembly of Maryland of 1900,

entitled "An Act to incorporate the Annapolis Banking and

Trust Company."

SECTION i. Be it enacted by the General Assembly of Mary-

Annapolis

land, That Sections 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 and

Banking and
Trust Com-

16 of Chapter 157 of the Acts of the General Assembly of

pany.

Maryland of 1900, entitled "An Act to incorporate the Annapo-

lis Banking and Trust Company," be and the same are hereby

repealed and re-enacted with amendments so as to read as

follows :

Principal of-
fice.

2. That the principal office of the said corporation shall be
located in Anne Arundel County, State of Maryland.

5. That ten days' notice shall be given of the time and place

Notice of an-
nual election.

of said annual election by publication in some newspaper pub-

lished in Anne Arundel County, which election shall be con-

ducted by three stockholders to be named from the body of

stockholders, one of whom shall be designated to act as judge

and the other two as inspectors.