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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3295   View pdf image (33K)
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436

LAWS OF MARYLAND.

 

their absence or dissent, to the stockholders, at a

 

general meeting which they shall have power to call

 

for the purpose.

Shall not deal

SEC. 15. And be it enacted, That the bank shall not

or trade in

deal or trade in anything except bills of exchange,

 

promissory notes, and bullion, or in the produce of

 

their lands, or of such 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 judgments; provided, however, that

 

nothing herein contained shall be construed to pre-

 

vent the said corporation from making temporary

 

investments of its funds in purchase of the public

 

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

 

States or of the City of Baltimore.

Liability

SEC. — And be it enacted, That the stockholders

 

and directors of this bank shall be liable to the

 

amount of their respective 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 tive shares thereafter ; but no share ot

 

stock shall entitle any holder to a vote which shall

 

not have been holden four calender months previous

 

to the day of election ; and stockholders actually

 

resident in the United States, and none others, may

 

vote at elections by proxy.

 

SEC. 17. And be it enacted, That it shall be lawful

Increase its
capital stock

for the said City Bank of Baltimore to increase its

 

capital stock, in shares of ten dollars each, to an

 

amount not exceeding five hundred thousand dollars ;

 

and such increase of capital may be made at any-

 

time or times, and at different times, and in such

 

amounts not less than one hundred thousand dollars

 

at any one time, as the President and Directors may

 

direct ; but no such increase shall be valid until the

 

increased capital stock shall be paid in ; whereupon

 

the President and Cashier shall give notice of said



 
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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3295   View pdf image (33K)
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