clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1878
Volume 399, Page 744   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

744

LAWS OF MARYLAND.

 

on precisely the same terms and conditions as those

 

of adult male or adult unmarried female deposi-

 

tors ; and the directors of said bank may, at their

 

discretion, pay to such minor of feme covert depos-

 

itor such sum or sums of money as may be due to

 

him or her ; and the check, receipt or acquittance

 

of such minor or feme covert shall be valid, any law

 

of this State to the contrary notwithstanding.

 

SEC. 10. And be it enacted, That in all elections

 

for directors in said bank, every stockholder shall

 

be entitled to one vote for every share that he, she,

Plurality vote

it, or they may hold ; a plurality of the votes cast

to elect.

shall be sufficient to elect, and the stockholders

 

may vote either in person or by proxy; but no

 

share of stock shall entitle any holder to a vote

 

which shall not have been holden two calender

 

months previous to the day of election.

 

SEC. 11. And be it enacted, That it shall be the

 

duty of the directors to lay before the stockholders

 

of said corporation once in each year at a general

 

meeting for their information, an exact statement

Furnish state-

of the financial condition and affairs of the bank,

ment of finan-
cial condition

of the debts which shall have remained unpaid after
the expiration of the original credit, and the sur-

 

plus profits, if any, after deducting losses and

 

dividends.

 

SEC. 12. And be it enacted, That the Board of

State Treas-

Directors shall cause to be furnished to the Treas-

urer to be fur-

urer of the State, statements of the amount of

nished with
statement.

capital stock of the corporation, and of the debts

 

due to, and from the same, specifying those due

 

to and from other banks ; of the moneys deposited

 

therein; of the notes, if any, in circulation; of the

 

cash on hand, specifying the amount of coin, and

 

of notes of other banks of the value of the real

 

estate held by the corporation, and of the amount

 

and value of public or other stocks owned by the

 

corporation ; said statements to be furnished once

 

in each year, and to show the condition of the

 

corporation in the said particulars as they may

 

appear at the close of the business transactions of

 

the day, in settlement thereof, on the first Monday

 

of January ; and the said corporation shall publish



 
clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1878
Volume 399, Page 744   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives