ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

595

this company, and to present it to the board of directors verified

by the oath or affirmation of the directors or a majority of them

who made such examination, and by the oath or affirmation of such

accountant where one is employed, and any wilful false swearing

in regard thereto shall be deemed perjury and be subject to the

prosecution and punishment prescribed by law for that offense.

SEC. 15. And be it enacted, That it shall be lawful for this

company to sell at public auction or private sale in its discretion

all property of whatsoever kind mentioned or specified in any con-

tract or agreement between this company and other parties, after

ten days shall have elapsed from the time of maturity of any ob-

ligation under said contract or agreement, or immediately upon

the discovery of any fraud, misrepresentation or concealment in

To sell.

regard to the ownership or otherwise which jeopardizes the rights
of this company or its securities, and to re-imburse itself out of

the proceeds of such sale for the money due it with interest,

storage, costs and charges, and to indemnify itself for any loss it

may have sustained by the non-fulfilment of such contract, or by

reason of said misrepresentation, fraud or concealment aforesaid.

SEC. 16. And be it enacted, That if any director or directors, or

other officer or officers, or employee or employees of this company,

shall embezzle or fraudulently appropriate to his or their own use

or to the use of any other person or persons any money or other

property of any kind belonging to this company, or left with or
eld by this company in trust as a special deposit or otherwise,

Misdemea-

he or they shall be guilty of a misdemeanor, and on conviction

nor.

thereof shall be sentenced to undergo imprisonment in the peni-

tentiary for a term of not less than one or more than five years,

and shall be responsible in a civil action either to this company

or to the person or persons aggrieved for the amount so embezzled

or fraudulently appropriated with interest thereon and all proper

costs and charges, including counsel fees incidental to recovering

the same.

SEC. 17. And be it enacted, That this act is hereby declared to

be a public act and shall be construed favorably for every bene-

ficial purpose therein contained, but it shall not be construed to

confer upon this company any right to make any contract or to
accept or execute any trust whatever which it would not be law-

As natural
persons.

ful for natural persons under the general rules of law which ane

or shall be in force to make, execute or accept.

SEC. 18. And he it enacted, That the legislature shall have

power at any time hereafter to repeal, alter or modify this act

and that this act shall take effect from the date of its passage

May re-
peal.

provided, that the provisions of this act shall apply only to Har-

ford county, notwithstanding the provisions of the preceding sec-

tions.

Approved April 8, 1890.