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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 1966   View pdf image (33K)
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1874.] OF THE HOUSE OF DELEGATES. 723

Sudler, Nicodemus, Leonard,

Hodson, Annan, Glotfelty—32.

Turner, of Cecil, Dawson,

So the motion prevailed, and

The Senate bill entitled an Act relating to Building Asso-
ciations, Homestead Associations and Land Companies, in
this State, was taken, up for consideration.

Said bill being upon a third reading,

The question recurring upon the amendments submitted
thereto by Mr. Henkle, on the 19th day of February,

Mr. Gill moved the previous question.

The question then being.

"Shall the main question be now put ?"

It was decided in the affirmative.

The question then recurring upon the amendments submit-
ted by Mr. Henkle, they were rejected.

Mr. Stewart, of Baltimore City, submitted the following
amendment :

AMENDMENT PROPOSED.

Section 1, strike out all after the word "State," in line 5,
to the word "all," in line 9, and insert the words, to come in
after the word "State," in line 5, "to issue to its borrowers
promissory notes or any other evidence of indebtedness, but."

Which was adopted.

Mr. Greenfield .submitted the following amendment:
AMENDMENT PROPOSED.

Amend by adding a new section to come in after section 1,
as follows:

SECTION 2. And be further enacted, That it shall not be
lawful for any such Building Association, Homstead Asso-
ciation, Land Company, or any similar Association in this
State, to impose, charge or receive any fine for the non-pay-
ment of weekly dues or repayments exceeding ten per centum
on the amount of such weekly dues or repayments, and
under no circumstances shall such fine or fines be com-
pounded; and any holder or holders of shares in any awch
Association or Company not paid up, and for which a certifi-
cate or certificates of stock shall not have been issued, shall
have the right at any time to withdraw the full amount of
his, her or their deposits paid in on account of said shares,
by giving sixty days notice in writing to the Treasurer of
such Association or Company, of his, her or their desire so to

 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 1966   View pdf image (33K)
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