340 ARTICLE 11.

and wherever the words " Articles of Association " occur in the provisions
of this Article, they shall be construed to include legislative charters and
Articles of Incorporation; provided, however, nothing in this Article shall
be construed to repeal, modify, or affect any special right, privileges or
powers conferred upon any trust company heretofore created under any
law of this State, by their respective charters, if said companies were
organized and doing business prior to April the 8th, 1910, except that for
every branch opened after June 1st, 1920, by a trust company it shall be
compelled to add to its capital stock the amount or amounts specified and
pertaining to branches in Section 42 of this Article.

General Regulations.

An. Code, sec. 52. 1910, ch. 219, sec. 51 (p. 23).

52. The words " Banking Institution," as used in this article, shall be
held to mean incorporated banks, savings institutions and trust companies,
and not apply to or include building and loan associations.

As to building and loan associations, see art. 23, sec. 134, et seq.

An. Code, sec. 53. 1910, ch. 219, sec, 52 (p. 23).

53. Every bank and trust company shall keep a stock book, which shall
at all times during the usual hours for the transaction of business be subject
to the inspection of the officers, directors and stockholders of the bank or
trust company. Such book shall show the name and number of shares held
by each stockholder. A refusal by the officers of such bank or trust company
to exhibit such book to any person rightfully demanding inspection thereof
shall subject such officer to a forfeiture of fifty dollars, which shall be col-
lected by the Bank Commissioner as a common debt. In all actions, suits
and proceedings such book shall be presumptive evidence of the facts therein
stated, and at all stockholders' meetings each share of stock shall entitle
the owner of record to one vote. A stockholder may vote at any meeting
of the stockholders by proxy.

An. Code, sec. 54. 1910, ch. 219, sec. 53 (p. 24). 1918, ch. 33, sec. 54.

54. Any bank, savings institution or trust company, heretofore incor-
porated under any general or special law of this State, and any bank,
savings institution or trust company, hereafter created under this Article,
may amend its charter, articles of incorporation or association, in any
manner not inconsistent with the provisions of law, at any time, and in
the case of banking institutions having capital stock such amendment
shall be by a vote of its stockholders, representing two-thirds of the capital
stock, such vote to be taken at a meeting called for that purpose. Such
amendment, certified by the president and cashier, or treasurer, shall be
executed, approved, filed and recorded as required for articles of incor-
poration. Unless the required surplus will permit, no increase- of capital
shall be valid until the amount thereof has been subscribed and actually paid
in. No reduction of capital shall be made to a less amount than is required
under the provisions of this Article for capital, nor be valid nor warrant the