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Session Laws, 1835
Volume 214, Page 422   View pdf image (33K)
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THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

ART. 11. No director shall be entitled to receive

 

any emolument for his services, unless the same shall

CHA.P. 298.

Emoluments to dt-

have been allowed at a general meeting of the stock-

rectors

holders, and the directors shall make such compensa-

 

tion to the president, for his extraordinary attendance

 

at the bank, as shall appear to them reasonable.

 

ART. 12. The president and directors of ,said bank

Meeting of stock-

may at any time call a general meeting of its stock-

holders

holders, for any purpose relative to the institution, giv-

 

ing at least four weeks notice in two or more daily

 

newspapers in the city of Baltimore; and any number

 

of stockholders not less than fifty, who together shall

 

be proprietors of two hundred and fifty shares, may

 

at any time apply to the said president and directors

 

to call a general meeting of the stockholders, for

 

any purpose relative to the institution, and if the

 

president and directors shall refuse to call such meeting,

 

the said number of 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 sixty days notice in two or more daily

 

newspapers, in the city of Baltimore, and specifying in

 

such notice the objects of such meeting; and it is hereby

 

made the duty of the president and directors of said

 

bank, upon the application of not less than twenty

 

stockholders, being owners of two hundred and fifty

 

shares, to give such stockholders a full list of the

 

names of all the stockholders in said bank.

 

ART. 13. Every cashier or treasurer, before he

Bond

enters upon the duties of his office, shall be required to

 

give bond with two or more sureties to the satisfaction

 

of the president and directors, in a sum not less than

 

•twenty-five thousand dollars, with a condition for his

 

good behaviour.

 

ART. 14. The lands, tenements and hereditaments,

Limit as to lands

which it shall be lawful for the said corporation to

 

hold, shall be only such as shall be requisite for its im-

 

mediate accommodation, in relation to the convenient

 

transacting of its business, and such as shall have been

 

assigned to it by the aforenamed institution, or

 

bona fide, mortgaged or conveyed to it, by way of secu-

 

rity or in satisfaction of debts contracted in the course of

 


 
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Session Laws, 1835
Volume 214, Page 422   View pdf image (33K)
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