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Session Laws, 1878
Volume 399, Page 285   View pdf image (33K)
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JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 285

the legislature; and the capital stock and funds

 

of the corporation shall be deemed and taken to

 

be personal and not real estate.

 

ART. 18. The president and directors for the

 

time being shall give three weeks' public notice

Notice of

in at least two newspapers published in Washing-

election.

ton county, of the time and place of holding the

 

annual election of directors.

 

ART. 19. That at all meetings of the stockhold-

 

ers of the corporation created by this act, for elec-

 

tions and other purposes, no person shall be allowed

 

to vote on any share or shares of stock at such

 

meeting, either in person or by proxy, unless the
said person shall, if required by a stockholder,

Proxy to
make oath.

make oath before the judges of the election or

 

other officers of the meeting, that he or she, as

 

the case may be, is the lawful and bona fide owner

 

of said stock, having purchased and paid or secured

 

payment for the same, a full consideration, or re-

 

ceived the same by inheritance, bequest, marriage,
distribution or gift, and without any understand-

 

ing that the said stock is to be transferred to the

 

party from whom it was received, or in case of

 

voting by proxy or power of attorney, the person

 

holding such proxy or power of attorney, shall

 

make oath or affirmation, if required by a stock-

 

holder, that he believes his principal for whom he

 

offers to vote bought and paid or secured the pay-

 

ment for the said stock a full consideration, or

 

that the said principal, to the best of his knowl-

 

edge and belief, is the real bona fide owner of said

 

stock, having acquired the same, as the case may

 

be, by inheritance, bequest, marriage, distribution

 

or gift; provided, however, that this provision shall

 

only apply to such shares of stock in the corpora-

Proviso.

tion aforesaid as shall appear to have been trans-

 

ferred upon the books of the corporation within

 

one year next preceding the meeting at which it

 

is offered to vote upon them.

 

ART. 20. It shall not be lawful for the banking

 

institution, by this act incorporated, to make dis-
counts in, or pay out any funds or money other

Pay out legal
currency.

than the legal currency of the United States, notes

 


 

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Session Laws, 1878
Volume 399, Page 285   View pdf image (33K)
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