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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3044   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 185

a stockholder requesting a transfer of shares must be

 

satisfied before such a transfer shall be made, unless

 

the President and Directors shall direct to the

 

contrary.

 

O. No loan shall be made by this corporation for

Loans limited.

the use of, or an account of this State, or the United

 

States, to an amount exceeding fifty thousand dol-

 

lars, or to any other State of this Union, or to any

 

foreign prince or State, to any amount whatever,

 

without the previous consent of the Legislature ; and

 

the capital stock and funds of the corporation shall

 

be deemed and taken to be personal and not real

 

estate.

 

P. That at all meetings of the stockholders of this

Not allowed to

corporation for elections and other purposes, no per-

vote

son shall be allowed to vote on any share or shares of

 

the stock at such meetings, in person or by proxy

 

unless the said person shall, if required by a stock-

 

holder, make oath before the judges of election

 

or other officers of the meeting, that he or she, as

 

the case may be, is the lawful and bona-f.de owner of

 

said stock, having purchased and paid or secured

 

payment for the same a full consideration, or re-

 

ceived the same by inheritance, bequest, marriage,

 

distribution or gift, and without any understanding

 

that the said stock is to be transferred to the party

 

from whom it was received, or in case of voting by

 

proxy or power of attorney, shall make oath or

 

affirmation if required by a stockholder, that he be-

 

lieves his principal, for whom he offers to vote,

 

bought and paid or secured the payment for the said

 

stock a full consideration, or that the said principal,

 

to the best of his knowledge and belief, is the real

 

bona-fide owner of said stock, having acquired the

 

same, as the case may be, by inheritance, bequest,

 

marriage, distribution or gift; provided, however,

 

that this provision shall only apply to such shares of

 

stock as shall appear to have been transferred upon

 

the books of the corporation within one year pre-

 

ceding the meeting at which it is offered to vote

 

upon them.

 

Q. It shall not be lawful for this corporation to

Not lawful.

make discounts in, or pay out any funds or money

 

other than the legal currency of the United States;

 


 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3044   View pdf image (33K)
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