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CHAP. 177,
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SEC. 8. And be it enacted, That the capital stock of
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Transfers
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this corporation shall be transferable only on the books
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thereof, and in such manner as the president and direc-
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tors shall direct.
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Votes graduated— Vallots
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SEC. 9. And be it enacted, That in the election of
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directors, the stockholders shall vote by ballot; and in
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such elections, and upon all questions in the general
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meetings of the stockholders, the ratio of votes shall
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he as follows, to wit: a stockholder having five shares
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or less, one vote; or six, and not more than nine, two
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votes; or ten, and not more than fourteen, four votes;
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or fifteen, and not more than nineteen, six votes; or
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twenty, and not more than twenty-four, eight votes;
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twenty-five, and not more than twenty-nine, ten votes;
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or thirty, and not more than thirty-four, twelve votes,
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or thirty-five, and not more than thirty-nine, fourteen
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votes; or forty, and not more than forty-four, sixteen
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votes; or forty-five and not more than forty-nine, eigh-
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teen votes; or fifty and upwards, twenty votes; and
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no stockholder shall he entitled in his own right, or as a
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proxy, to a greater number than twenty votes, nor
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shall any stockholder vote at any election for direct-
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ors, unless the share or shares in which lie or she may
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claim to vote, shall have been. standing in his or her
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name on the hooks of the said corporation four months
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previous to such election; and stockholders actually
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resident within, the United States, and none others
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may vote at elections or in general meetings, by proxy.
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Authorised to in-
sure
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SEC. 10. And be it enacted, That the president and
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directors shall he, and they are hereby authorised to
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make all kinds of insurance against fire, and general-
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ly to transact and perform all business relative to the
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Invest capital
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objects aforesaid, and also to invest the capital and
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funds of the corporation from time to time, in the pub-
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lic debt of the United States, or of the debt of this State
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or of the corporation of the city of Baltimore, or the
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stocks of any corporation of this State, and to dispose
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of the money and property of the company in such law-
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ful manner, as to them shall appear most advantageous
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to the corporation.
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Dividends
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SEC. 11. And be it enacted, That the president and
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directors shall declare dividends of the profits of the
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