36

CORPORATIONS. [ART. 26.

preceding section, and further declare, on oath, that he
has full opportunity, from his official station in the
corporation, to know the opinions and sentiments of a
majority of the directors thereof, in relation to such
stock, and that he represents them fairly in the prem-
ises.

Vote by proxy .
oath.

11. No person or body corporate, shall vote by proxy
on stock held in any private corporation, unless the
person, or in case of a body corporate, the president,
cashier, or some lawfully constituted officer thereof,
shall make oath, before some person authorized by the

Oath

laws of Maryland, or by the laws of the state where the
same shall be administered to administer an oath, to
the same effect as required by the ninth section of this
article, a certificate of which oath shall be produced
before the person or persons holding said election,
before any vote by proxy shall be received.

Oath of bank
director.

12. No person shall act as director of any bank, re-
quiring that the directors thereof shall hold any num-
ber of shares therein, unless the said director, before he
acts as such, shall make oath before some justice of the
peace, that he is the sole and bona fide owner of the
stock standing in his name on the books of said bank,

Qualification.

and that the same has not been transferred to qualify
him to serve as director therein.

Stock of voter,
hypothecated

13. In all cases where the stock in any corporation
in this state shall have been hypothecated, or pledged
by the owner thereof as security for the payment of 'any
debt or loan, such person, upon exhibiting to the per-
son holding any election in such corporation, a certifi-
cate in writing from the pawnee of said stock, that the
same is held in pledge or by hypothecation, shall, until
forfeiture, be deemed and taken to be the holder of such
stock, and as such, entitled to vote the same; and every
person holding stock in such corporation as executor,
administrator, guardian or trustee, shall represent the
shares of stock in his hands, and may vote accordingly
as a stockholder at any election in such corporation.