ART. 23.] QUORUM—ACCOUNTS—STOCKHOLDERS' MEETINGS. 543

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.

1888, art. 23, sec. 3. 1868, ch. 471, sec. 3.

3. When the corporate powers of any corporation incorpo-
rated 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 or
persons, if it be not otherwise provided in the charter or cer-
tificate 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.

Ibid, sec 4. 1868, ch. 471, 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 corpo-
ration shall be received as prima fade evidence of such by-law
in the courts of this State.

Ibid sec. 5. 1868, ch. 471, sec. 5.

51 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
statement of the affairs of the corporation, which shall be certi-
fied to by the president and secretary and submitted at the
annual meeting of the stockholders or members.

Weber v. Fickey, 52 Md. 510. Weidenmayer v. Bitner, 88 Md. 331.

Ibid. sec. 6. 1868, ch. 471, 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 corporation is situated, and also in a newspaper pub-
lished in the city of Baltimore; and when said principal place
of business is situated in said city, then in two newspapers
published therein; and if the president and directors refuse to