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LAWS OF MARYLAND.

Board of Directors shall keep a correct record
of their proceedings, which shall be subject
to the inspection of the majority of the stock duly
represented.

Dividends,

Sec. 5. And be it enacted, That the President
and Directors shall declare dividends of the profits
realized, if any, by the company, or on so much
thereof from time to time, as a majority of them
shall deem expedient.

Transfer of
stock.

Sec. 6. And be it enacted, That the shares of
the stock aforesaid may be transferred by the
owners thereof, their executors and administrators
or attorneys, duly and lawfully authorized, in
a book to be provided for that purpose, and
in such manner as the Directors shall determine.

General
meetings.

Sec. 7. And be it enacted, That the Board of Di-
rectors, or the stockholders holding a majority of
the stock, shall have power at any time to call a
general meeting of the stockholders, by giving
notice at least three times a week, for three weeks,
in two of the newspapers in the city of Baltimore,
for the time and place of such general meetings of
the stockholders, and at all such meetings of
the stockholders, the votes shall be taken as in the
manner of electing Directors, and a majority of
two-thirds of the stock represented at meetings
shall have the power of closing and winding up
the concern of said company.

In force.

Sec. 8. And be it enacted, That this Act shall
take effect on and after the date of its passage.