314 FORMATION, POWERS, AND REGULATION OF CORPORATIONS. [ART. 40.

Id s 2 Hanking pro- hibited 32 Md 294	2, No corporation created, or to be created, and not expressly incorporated for banking purposes shall, by any implication or con- struction, be authorized to exercise banking privileges, or to issue any note, token or device, scrip or other evidence of debt, to be used as currency.
Id s 3 Majority to con- stitute a board	3. When the corporate powers of any corporation incorporated under the laws of this State, are directed by its charter or certificate of incorporation to be exercised by any particular body, or number of persons, a majority of such body of persons, if it be not otherwise provided in the charter or certificate of incorporation, shall be a sufficient number to form a board for the transaction of business, and every decision of a majority of the persons duly assembled as a board, shall be valid as a corporate act.
Id s 4 Evidence of by-laws	4. A copy of any by-law of any corporation incorporated under the laws of this State, under its seal and purporting to be signed by the president, secretary, or treasurer of the corporation, shall be re- ceived as prima facie evidence of such by -law in the courts of this State
Id s 6 Accounts of transactions open to inspec- tion	5. The president and directors of every corporation shall keep full, fair, and correct accounts of their transactions, which shall be open at all times to the inspection of the stockholders or members,
Annual state- ment	and they shall annually prepare a full and true statement of the affairs of the corporation, which shall be certified to by the president and secretary, and submitted at the annual meeting of the stock- holders or members.
Id s 6 General meet- ing of stock- holders	6. General meetings of the stockholders of any corporation, in- corporated under the laws of this State, may be called at any time upon the requirements of stockholder entitled to vote a majority of the stock of said corporation, of which meeting not less than ten
notice.	days' notice shall be given in a newspaper published in the county in which the principal place of business of said corporation is situ- ate, and also in a newspaper published in the city of Baltimore, and when said principal place of business is situate in said city then in two newspapers published therein, and if the president and directors refuse to call such meeting, the said stockholders so owning a ma- jority of said stock may do so on giving notice as above set forth.
Id s 7 Removal from office.	7. At any general meeting of the stockholders, called as provided for in the next preceding section, any president, director, or directors of said corporation may, by a vote of a majority in interest of the whole number of stockholders, be removed from office, and another or others be appointed in the place of the person or persons so re- moved to serve for the remainder of his or their term.
Id s 8 Notice to can- vass votes at election.	8. Whenever five or more stockholders of any private corpora- tion, created Under the laws of this State, at least thirty days before an election for managers, directors, or other officers of such corpora- tion elected by the stockholders thereof, shall give notice in writ- ing of their intention to canvass the votes which may be given at the next election thereof, and shall deliver said notice at the usual