286 CORPORATIONS—MISCELLANEOUS. [ART. 23.

construction, be authorized to exercise banking privileges, pr to
issue any note, token or device, scrip or other evidence of debt, to
be used as currency.

Davis v. West Saratoga Bldg Union, 32 Md. 294. Hammond v. Strauss, 53
Md. 1. United German Bank v. Katz, 57 Md. 136.

1868, ch. 471, sec. 3.

3. When the corporate powers of any corporation incorporated
under the laws of this State, are directed by its charter or certifi-
cate 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 incorpora-
tion, shall be a sufficient number to form a board for the trans-
action of business, and every decision of a majority of the persons

duly assembled as a board, shall be valid as a corporate act.

Ibid, sec 4.

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 received as prima facie evidence of such by-law in the courts

of this State.

Ibid. sec. 5.

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; and they shall annually prepare a full and true state-
ment of the affairs of the corporation, which shall be certified to
by the president and secretary and submitted at the annual meet-
ing of the stockholders or members.
Weber v. Fickey, 52 Md. 510.

Ibid. sec. 6.

6. General meetings of the stockholders of any corporation,
incorporated under the laws of this State, may be called at any
time, upon the requirement of stockholders entitled to vote a
majority of the stock of said corporation, of which meeting not
less than ten days' notice shall be given in a newspaper published
in the county in which the principal place of business of said cor-
poration is situated, and also in a newspaper published in the city