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Session Laws, 1835
Volume 214, Page 480   View pdf image (33K)
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THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1835.

holders, but the directors shall make such compensa-

 

tion to the president, for his extraordinary attendance

CHAP. 314

at the bank, as shall appear to them reasonable.

 

ART. 12. That the commissioners above named,

Meeting of stock-holders

until said bank shall be organized, or thereafter

 

the president and directors of said bank may at

 

any time call a general meeting of its stockholders,

 

for any purpose relative to the institution, giving at

 

least six weeks notice in two or more daily news-

 

papers in the city of Baltimore; and any number of

 

stockholders not less than fifty, who together shall

 

be proprietors of one thousand 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 pre-

 

sident 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 any ten stockholders

 

for that purpose, 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 said president and directors, in a sum not less

 

than fifty 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 tc

 

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

 

mediate accommodations, in relation to the convenient

 

transaction of its business, and such as shall hare been

 

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

 

rity or in satisfaction of debts contracted in the course of

 

its dealings, or purchased at sales upon judgments or de-

 

crees which shall have been obtained for such debts; and

 

61

 


 
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Session Laws, 1835
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