PRIVATE ACTS—CHARTERS. 63

shall be certified to by the President and Secretary, and reported to
the annual meeting of the stockholders.

SEC. 11. And be it enacted, That nothing herein contained shall be
so construed as to confer banking privileges upon said company, to
issue any note, token, scrip, device, or other evidence of debt to be
used as a currency.

SEC. 12. And be it enacted, That no stockholder or other member of
this association, shall be answerable in his person, or individual prop-
erty, for any contracts or agreements of said association, or for any
losses, deficiencies or failure, of the capital stock of this association, but
the whole of the capital stock, together with all property, rights and
credits, belonging thereunto, and nothing more, shall, at any time, be
answerable for the demands against the said association.

SEC. 13. And be it enacted, That the stock of this association may
be assigned and transferred on the books, in person, or by proxy, or by
attorney only; but no stockholder indebted to the association shall be
permitted to make a transfer, or receive any dividend, until such debt
is paid or secured to be paid, to the satisfaction of the President and
Board of Directors.

SEC. 14. And be it enacted, That the President and Directors may
call a general meeting of the stockholders, for any purpose relative to
the affairs of the association, giving at least fifteen days notice thereof,
in one or more daily newspapers in the city of Baltimore, and it shall
be the duty of the Secretary, to give notice of such call to each stock-
holder, not a resident of the city of Baltimore, through the medium of
the post office, and such notice shall specify the object of such meeting;
and, if the President and Directors shall refuse to call such meeting,
stockholders, proprietors of one thousand shares, shall have power to
call such meeting, in the manner specified, giving notice in one or more
daily newspapers in the city of Baltimore, and special notice to the
stockholders, not residents of the city of Baltimore.

SEC. 15. And be it enacted, That should it so happen from any
cause whatever,. that the annual election of Directors, should not take
place in any year, on the day hereinbefore mentioned for that purpose,
this company shall not for that reason be dissolved, but such election
may be lawfully held on such convenient day thereafter, as may for that
purpose be fixed by the President and Directors, they causing ten days
notice thereof, to be given in the manner hereinbefore provided for.

SEC. 16. And be it enacted, That the persons named in the first
section, shall be and they are hereby constituted the first Board of
Directors, and shall serve as such until the election of their successors,
as hereinbefore provided for.

SEC. 17. Be it further enacted, That this act shall take effect from
the date of its passage.