JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 397
Provision shall thereby become jointly and severally
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liable for all the debts of the corporation then exist-
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ing and that shall thereafter be contracted, so long
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as they respectively continue in office; provided,
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that if any director shall be absent at the time of
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Shall be ab-
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declaring such dividend, or being present shall vote
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sent
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against the declaring of the same, he shall be exempt
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from the liability imposed by this clause.
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SEC. 6. And be it enacted, That a general statement
of the affairs of the company shall be prepared by
the president and certified to by a majority of the
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Statement of
affairs to be
presented at
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directors and presented to the stockholders at their
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annual meet-
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annual meeting, and kept open for their inspection
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ing.
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for thirty days after the same shall have been pre-
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sented to them.
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SEC. 7. And be it enacted, That this company shall
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Shall not
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not be permitted to issue any note, token or device, or
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issue any note
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evidence of debt, to be used as currency;
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SEC. 8. And be it enacted, That this act shall take
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In force.
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effect from the date of its passage, and that the
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Reserves
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General Assembly reserves the right to alter, amend
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right.
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or annul this charter at any time hereafter.
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Approved April 5, 1878.
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