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Amendments to Maryland Constitutions
Volume 380, Page 213   View pdf image (33K)
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CHAPTER 151.
AN ACT to propose an amendment to Section 39 of Article
III of the Constitution of the State of Maryland, title
"Legislative Department," so as to strike out the pro-
vision therein to the effect that the General Assembly
shall grant no charter for banking: purposes, nor renew
any banking corporation now in existence, except upon
the condition that the stockholders shall be liable to the
amount of their respective share or shares of stock in
such banking institution, for all its debts and liabilities
upon note, bill or otherwise; and providing for the sub-
mission-of said amendment to the qualified voters of the
State of Maryland for adoption or rejection.
SECTION 1. Be it enacted by the General Assembly of
Maryland (three-fifths of all of the members of each of the
two Houses concurring,) that the following amendment
is hereby proposed to Section 39 of Article III of the Con-
stitution of the State of Maryland, title "Legislative De-
partment," the same, if adopted by the legal and qualified
voters of the State, as herein provided, to become Section
39 of Article III of the Constitution of the State of Mary-
land.
SEC. 39. The books, papers and accounts of all banks
shall be open to inspection under such regulations as may
be prescribed by law.
SEC. 2. And be it further enacted by the authority afore-
said, That said foregoing section, hereby proposed as an
amendment to the Constitution, shall be, at the next general
election to be held in this State in the year nineteen hun-
dred and thirty-six, submitted to the legal and qualified
voters thereof, for their adoption or rejection, in pursuance
of directions contained in Article XIV of the Constitution
of this State, and at the said general election the vote on
the said proposed amendment to the Constitution shall
be by ballot, and upon each ballot there shall be printed the
following synopsis of said amendment under the caption
of "Constitutional Amendment" amending Section 39 of
Article III, title "Legislative Department" of the Consti-
tution of Maryland.
This amendment provides for striking out the provision
that the General Assembly shall grant no charter for bank-
ing purposes, nor renew any banking corporation now in
existence, except upon the condition that the stockholders


 
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Amendments to Maryland Constitutions
Volume 380, Page 213   View pdf image (33K)
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