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Session Laws, 1835
Volume 214, Page 493   View pdf image (33K)
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1835.

LAWS OP MARYLAND.

 

Baltimore; and any number of stockholders not less

CHAP. 315.

than fifty, who together shall he proprietors of one-

General meetings

sixth part of the whole capital stock, may at any time

 

apply to the said president and directors to call a ge-

 

neral meeting of the stockholders, for any purpose re-

 

lative to the institution, and if the president and di-

 

rectors shall refuse to call such meeting, the said num-

 

ber 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 previous notice in two or more daily news-

 

papers, in the city of Baltimore, and specifying in such

 

notice the object of such meeting; and it is hereby

 

made the duty of the president and directors of said

 

hank, at all times, upon the application of not less than

 

twenty stockholders, being holders of not less than

 

one-fifteenth of the capital stock, [ ] a full list of the

 

names of all the stockholders in said bank.

To bond

ART. 13. Every cashier or treasurer, before he en-

 

ters 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

 

fifty thousand dollars, with a condition of his good be-

 

haviour.

Lands

ART. 14. The lands, tenements and hereditaments,

 

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

 

transaction of its business, and such as shall have been

 

bona fide mortgaged or 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,

 

which shall have been obtained for such debts, and all

 

such lands, tenements and hereditaments so taken in sa-

 

tisfaction of debts or purchased at sales upon judgments,

 

shall be re-sold and conveyed by the said president

 

and directors within the term of five years from the

 

taking or purchase thereof as aforesaid.

Kind of business

ART. 15. That the corporation shall not deal or

 

trade in any thing but bills of exchange, promissory

 

notes and bullion, or in the sale of goods, which shall

 

be the produce of their lands, or of such goods and ef-



 
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Session Laws, 1835
Volume 214, Page 493   View pdf image (33K)
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