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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3474   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 615

at sales upon judgments; provided, however, that

Proviso.

nothing herein contained shall be construed to pre-

 

sent 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 Annapolis.

 

SEC. 16. And be it enacted, That the stockholders

 

and directors of this bank shall be liable to the

Liability.

amount of their respective share or shares of stock

 

therein.

 

SEC. 17. And be it enacted, That every stockholder

 

shall be entitled to one vote for every share which

 

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

Entitled to vote

exceeding ten shares, and to one vote for every

 

additional two shares to the number of not exceed-

 

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

 

every additional five shares thereafter ; but no share

 

of stock shall entitle any holder to a vote which shall

 

not have been holden four calendar months previous-

 

ly to the day of election ; and stockholders actually

 

resident in the United States, and none others, may

 

vote at elections by proxy.

 

SEC. 18. And be it enacted, That it shall be lawful

 

for the said Citizens Bank of Annapolis to increase

 

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

 

amount not exceeding two hundred thousand dollars ;

Increase
capital stock.

and such increase of capital may be made at any

 

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

 

amounts, not less than fifty 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 presi-

 

dent and cashier shall give notice of said payment,

 

And the amount thereof, in two daily newspapers

Give notice.

published in the City of Annapolis, with their sev-

 

eral oaths appended, that the amount of said in-

 

creased capital has been truly and bona fide paid in;

 

and after ten days from the time of such publication

 

shall issue certificates of stock to the parties entitled

 

thereto; and such stock so issued shall be valid to

 

all intent and purposes as the first issue of stock

Issue certificates
of stock.

under this act.

 


 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3474   View pdf image (33K)
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