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The Maryland Code Public General Laws, 1904
Volume 393, Page 300   View pdf image (33K)
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300 BANKS. [ART. 11

ing the same; and such proof of publication shall be furnished
as may be required by the treasurer. The treasurer shall also
have power to call for special reports from any such association
in this State, whenever in his judgment the same are necessary
in order to invest him with a full and complete knowledge of
its condition.

1888, art. 11, sec. 11. 1860, art. 12, sec. 19. 1864, ch. 13.

13. The several banks of this State now having authority to
issue notes are hereby authorized and empowered to issue
twenty per cent, of their capital stock actually paid in, in notes
of a less denomination than five dollars, but no note shall be
issued of a less denomination than one dollar; and nothing
rerein shall be construed to enlarge the total amount of the
notes to be issued by any bank beyond what is now allowed
by law.

Ibid. sec. 12. 1865, ch. 144, sec. 1.

14. Any bank, savings institution or savings bank, incorpo-
Tated under the laws of this State, may become an association
for the purpose of banking under the laws of the United
States; provided, it shall first comply with all the requirements
of the act of the first session of the thirty-eighth congress of
the United States, entitled, "An act to provide a national cur-
rency secured by a pledge of the United States bonds, and to
provide for the circulation and redemption thereof."

Ibid. sec. 13. 1865, ch. 144, sec. 2.

15. Before any bank, savings institution or savings bank of
this State shall avail itself of said privilege, and of the afore-
said act of congress, its stockholders, by and with the written
advice and consent of the owners of three-fourths of the capital
stock of said bank, savings institution or savings bank, or at a
special meeting called for the purpose, shall decide whether
the said bank, savings institution or savings bank shall or shall
not become an association for the purpose of banking under
the laws of the United States; and at said meeting every stock-
holder may cast one vote for each share of stock held by him
or her; and every stockholder who shall be absent from said
meeting may vote by proxy; and every executor, administrator,
guardian, or trustee holding stock in said bank, savings insti-
tution or savings bank may vote in person or by proxy,
without incurring any responsibility by such vote; and the


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 300   View pdf image (33K)
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