510

LAWS OF MARYLAND.

of said corporation, they shall also at the same time, elect

a secretary and a treasurer, and such other officers as they

shall deem proper, a majority of said directors shall consti-

tute a quorum, and be competent to transact business ; and

such 'directors shall have full power, from time to time, to

make such by-laws, rules and regulations, as in their judg-

ment may be necessary and proper for the welfare of said

corporation ; they shall also fix what amount of bond, if

any, shall be given by the several officers of the corpora-

tion, for the faithful discharge of their respective duties,

and shall regulate the salaries to be paid to said officers.

SEC. 4. And be it further enacted, That the said corpora-

Powers.

tion shall have the power, and it is hereby authorized to

carry on the business of obtaining for, and furnishing to

such persons as it may contract with, for that purpose,

information as to the financial standing and commercial

credit of individuals, partnerships and corporations, and

for that purpose to print, and sell to subscribers and others,

from time to time, printed or written books, bulletins or

reports ; and to purchase, or in any other lawful manner,

acquire, and to use and operate any patents, or copyrights

of any forms or systems, which the directors of said cor-

poration, may consider will facilitate the prosecution of

said business, and to sell and dispose of any such patents

or copyrights, or the right to use and operate the same ;

and also to carry on the business of the collection of bills

and debts, and to acquire and hold any property, make any

lawful contract, and to do any lawful act or thing, which

be necessary or proper for the more advantageous prosecu-

tion of either branch of said business.

SEC. 5. And be it further enacted, That at all stock-

Vote of

holders' meetings for any purpose, each stockholder shall

stock-

have one vote for each and every share of stock held by him ;

holders

and that stockholders may either vote in person, or by

written proxy.

SEC. 6. And be it further enacted, That the principal

Office.

office of the said corporation shall be in the city of Balti-

more, State of Maryland.

SEC. 7. And be it further enacted, That the right is

Repeal.

hereby reserved for the present, or any future Legislature to

repeal or in any way amend the charter here granted.

SEC. 8. And be it further enacted, That this act shall take

Effective.

effect from the date of its passage.

Approved April 5th, 1892.