THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1833.

their proceedings, which shall at all times be open to

CHAP. 285.

the inspection of the stockholders.

SEC. 12. And be it enacted, That the President and

Notice of meetings

Directors may call a general meeting of the stockhol-

ders, for any purpose relative to the institution, they

giving at least one month's notice of the same in two

or more newspapers in the city of Baltimore, and any

number of stockholders owning not less than five hun-

dred shares may at any time apply to the President

and Directors, to call a general meeting of the stock-

holders for any purpose relative to the institution, and

if the President and Directors should refuse to call

such meeting, the said stockholders, proprietors of not

less than the aforesaid number of shares, shall have

power to call a general meeting of the stockholders,

giving at least one month's notice in two or morenews-

papers published in the city of Baltimore, and speci-

fying in such notice the object or objects of such meet-

ing, and the resolutions of stockholders, owners of a

majority of all the shares of the company's capital

stock in a general meeting assembled, shall at all

times be binding on the company and their president

and directors, if not inconsistent with law and the

provisions of this act.

SEC. 13. And be it enacted, That each director and

Responsibility of

president who shall appear to have directed or assented

officers

thereto, shall be personally liable for any losses, dc-

ficiences or failures arising from any fraudulent mis-

application of the funds of said corporation, contrary

to the provisions of this act.

SEC. 14. And be it enacted, That the affairs of the

Inspection

corporation hereby intended to he created shall he at

all times subject to the inspecton of any committee

of either branch of the Legislature of this State or

of any officer of the State, who may be deputed by

either branch for that purpose.

SEC. 15. And be it enacted, That this act of incor-

Duration

poration be and the same is hereby made perpetual;

Provided nevertheless, that the Legislature hereby re-

Proviso

serves to itself the power of altering, amending or re-

pealing any of its provisions, at any time after the

expiration of the year eighteen hundred and fifty six.