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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3155   View pdf image (33K)
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296

LAWS OF MARYLAND.

 

of this State, and in case of excess, the directors

 

under whose administration it shall happen, shall be

 

liable for the same in their natural and private

 

capacities; and an action may, in such cases, be

 

brought against them or any of them, or their heirs,

 

executors or administrators, in any court of record

 

in this State, by any creditor or creditors of said

 

corporation, and may be prosecuted to judgment

 

and execution issued thereon, any condition, covenant

 

or agreement to the contrary notwithstanding ; but

Construed

nothing herein contained shall be construed to

 

exempt the said corporation or the lands, ten-

 

ements, goods and chattels of the same, from being

 

also liable for and chargeable with the said excess;

 

and such of the said directors who may have been

 

absent when the said excess was created, or who may

 

have dissented from the resolutions or act whereby

 

the same was created, may respectfully exonerate

 

themselves Irom being so liable, by forthwith giving

 

notice of the fact and of their absence or dissent, to

 

the stockholders at the general meeting, which they

 

shall have power to call for that purpose.

 

SEC. 15. And be it enacted, That the said bank shall

 

not deal or trade in any thing except bills of ex-

Shall not deal
or trade in

change, promissory notes and bullion, or in the-

 

produce of their lands, or of such lands, goods and

 

effects as shall have been bona fide pledged or

 

mortgaged to it by way of security, or conveyed to it

 

in satisfaction of debts, contracted in the course

 

of its dealings, or purchased at sales upon judgment ;

 

provided, however, that nothing herein contained

 

shall be construed to prevent the said corporation

 

from making temporary investment of its funds

 

in purchase of the public debt of the United

 

States, or of any one of the United States, or of the

 

City of Baltimore, and each of the stockholders and

 

directors of the bank shall be liable to the amount

 

of his share or shares of stock therein.

 

SEC. 16. And be it enacted, That every stockholder

Voting

shall be entitled to one vote for every share which

 

he, she, it or they may hold to the number of not

 

exceeding ten shares, and to one vote for every ad-

 

ditional two shares, to the number of not exceeding

 

one hundred shares in all, and to one vote for every

 

additional five shares thereafter; tut no share of



 
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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3155   View pdf image (33K)
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