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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3088   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 229

or assessments, the sum of three dollars per share,

 

and to provide for the times and manner in which

 

the same and any heretofore made shall be payable,

 

notwithstanding that times and manner or either may

 

have been heretofore provided in reference to the pay-

 

ment of said assessments, or any of them, and any

 

calls or assessments heretofore made is hereby vali-

 

dated.

 

SEC. 2. And be it further enacted, That any calls or

License on shares

assessment made or to be made, shall be and con-

 

tinue liens upon the shares respectively on which

 

they shall be payable until fully paid, and if any

 

stockholder or stockholders shall fail to pay any call

 

or assessment, instalment or part thereof, within the

 

period of sixty days after the time when the same

 

shall be payable, and if demand shall have been

 

made on such stockholder or stockholders, or notice

 

in writing or printed of the time of payment, to be

 

fixed as aforesaid, shall have been addressed to such

 

stockholder or stockholders at his, her, its or their

 

usual abode or place of business, at least one week

 

prior to the time when such assessment, instalment

 

or part thereof shall be payable, then the shares of

 

the capital stock upon which payment shall not have

 

been made shall be forfeited to the association, and

Forfeited.

may be sold by or under the directions of the said

 

President and Directors, at public auction or at the

 

board of brokers, provided such stockholder or stock-

 

holders shall have been first personally or by notice

 

addressed to him, her, it or them as aforesaid, at the

 

usual place of business, or abode of such stockholder

 

or stockholders, of the time and place where the

 

stock shall be sold; and upon such sale the proceeds

 

shall be applied first to pay all expenses of sale, and

 

any calls or assessments upon such shares, and the

 

remainder shall be paid to the stockholder or stock-

 

holders.

 

SEC. 3. And be it enacted, That at any sale of such

 

stock as aforesaid, the Santa Clara Mining Associa-

Sale

tion of Baltimore, shall be at liberty to purchase the

 

same.

 

SEC. 4. And be it enacted, That this act shall take

 

effect as soon as it shall have been accepted by the

In force.

holders of a majority of the capital stock in said as-

 


 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3088   View pdf image (33K)
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