JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 285
the legislature; and the capital stock and funds
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of the corporation shall be deemed and taken to
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be personal and not real estate.
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ART. 18. The president and directors for the
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time being shall give three weeks' public notice
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Notice of
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in at least two newspapers published in Washing-
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election.
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ton county, of the time and place of holding the
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annual election of directors.
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ART. 19. That at all meetings of the stockhold-
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ers of the corporation created by this act, for elec-
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tions and other purposes, no person shall be allowed
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to vote on any share or shares of stock at such
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meeting, either in person or by proxy, unless the
said person shall, if required by a stockholder,
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Proxy to
make oath.
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make oath before the judges of the election or
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other officers of the meeting, that he or she, as
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the case may be, is the lawful and bona fide owner
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of said stock, having purchased and paid or secured
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payment for the same, a full consideration, or re-
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ceived the same by inheritance, bequest, marriage,
distribution or gift, and without any understand-
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ing that the said stock is to be transferred to the
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party from whom it was received, or in case of
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voting by proxy or power of attorney, the person
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holding such proxy or power of attorney, shall
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make oath or affirmation, if required by a stock-
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holder, that he believes his principal for whom he
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offers to vote bought and paid or secured the pay-
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ment for the said stock a full consideration, or
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that the said principal, to the best of his knowl-
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edge and belief, is the real bona fide owner of said
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stock, having acquired the same, as the case may
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be, by inheritance, bequest, marriage, distribution
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or gift; provided, however, that this provision shall
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only apply to such shares of stock in the corpora-
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Proviso.
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tion aforesaid as shall appear to have been trans-
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ferred upon the books of the corporation within
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one year next preceding the meeting at which it
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is offered to vote upon them.
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ART. 20. It shall not be lawful for the banking
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institution, by this act incorporated, to make dis-
counts in, or pay out any funds or money other
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Pay out legal
currency.
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than the legal currency of the United States, notes
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