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Session Laws, 1912
Volume 370, Page 1591   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 1591.

name of said body corporate changed from The Sudlersville-
Savings Bank to The Sudlersville Bank of Maryland, by
Chapter 755 of the Acts of the General Assembly of Mary-
land of the year 1906, so as to provide that the whole num-
ber of directors of the said1 body corporate, The Sudlersville
Bank of Maryland, shall not be less than eight nor more than
fifteen and providing for the filling of vacancies in said board
of directors.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the acts of incorporation of The Sudlersville Bank
of .Maryland, a corporation incorporated by Chapter 196 of the
Acts of the General Assembly of Maryland of the year 1904,
whose charter was amended and extended and whose name was
changed from The Sudlersville Savings Bank to The Sudlers-
ville Bank of Maryland, by Chapter 755 of the Acts of the
General Assembly of Maryland of the year 1906, be and the
same is hereby amended, as follows:

SEC. 2. And be it enacted, That the stockholders of the said
Sudlersville Bank of Maryland may by three-fourths vote at the
next annual meeting of stockholders to be held on the second
Monday in January, 1913, and at any annual meeting held
thereafter, decrease or increase the number of members of the
board of directors of said body corporate, The Sudlersville
Bank of Maryland, to any number they may desire, provided,
that said board of directors shall not at any time be less than,
eight nor more than fifteen.

SEC. 3. And be it further enacted, That in case of vacancies
in the board of directors of the said corporation,'The Sudlers-
ville Bank of Maryland, from death, resignation or otherwise,,
the remaining members of the said board of directors or a
majority of the remaining members of the said board of direc-
tors, may fill such vacancy until the ensuing annual election of
directors. Provided, however, that said Bank shall be subject
to the provisions of Article 11 of the Public General Laws of
this State, title "Banks," and any amendments thereof, and the
liability of the stockholders thereof shall at all times be deter-
mined by the laws of the State in force at the time the said
liabilities may attach.

SEC. 4. And be it furfher enacted, That this act shall take
effect from the date of its passage.

Approved April 11, 1912.

 

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Session Laws, 1912
Volume 370, Page 1591   View pdf image
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