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Proceedings of the House, 1892
Volume 398, Page 1298   View pdf image (33K)
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1298 JOURNAL OF PROCEEDINGS [Mar. 30,
this House, and returned to your Honorable Body on
the 29th day of March, and is now in the possession
of your Honorable Body.
By order.
CARLON SHAFER,
Chief Clerk.
Which was read, assented to, and sent to the Senate.
ORDER OF THE DAY.
The House considered the Order of the Day, being,
Senate bill entitled an Act to prohibit any corpora-
tion which under the laws of the State, shall act as
trustee, executor, administrator, guardian, committee
or receiver, or in any one or more of those capacities,
without bond or security, other than its own obliga-
tion, in any case in which bond would be required in
the like or similar capacity, from incurring the
liability of a surety upon any bond.
Mr Carter submitted the following proposed amend-
ment:
AMENDMENT PROPOSED.
Amend section 1 by adding thereto the following
proviso :
"Provided, however, that nothing in this Act shall
apply to any corporation which has a fully paid capi-
tal stock of not less than half a million of dollars, and
which is required by the express terms of its charter
to invest its entire capital stock in mortgages upon
fee-simple or leasehold estate, or in securities or bonds
of the United States, or in stocks, securities or bonds
of States or of incorporated cities, or in such real
estate as may be required for the use of the company
in the erection of a suitable building in which to carry
on its business, in the discretion of the said company."
Mr. Carter demanded the yeas and nays,
The demand was sustaind.
The yeas and nays were called, and appeared as fol-
lows:
AFFIRMATIVE.—Messrs. Meredith, Bowie, of Prince
George's, Thompson, Fitzgerald, Brennan, Fox, Car-
ter, Bowie, of Baltimore city, Gill, Carr, Cornthwaite,
Joyce—12.
NEGATIVE.—Messrs. Combs, Garner, Strong, Wil-
son, Brashears, Donaldson, Hutchins, Ireland, Lane,


 
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Proceedings of the House, 1892
Volume 398, Page 1298   View pdf image (33K)
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