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Session Laws, 1866 Session
Volume 419, Page 44   View pdf image (33K)
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44

LAWS OF MARYLAND.

 

are the proper means to be availed of in the pre-
mises; therefore,

Amended.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the second section of the Act to
which this is a supplement be amended, so that the
concluding sentence thereof shall read as follows,

Capital stock.

to wit: That the capital stock of said corporation
shall not be less than one hundred thousand dollars,
nor more than seven hundred and fifty thousand
dollars.

Forfeiture.

Sec. 2. And be it enacted, That when any calls
for the payment of money shall hereafter be made
by the said corporation it shall and may be lawful for
the President and Directors thereof, in case of the
non-payment of such calls by any stockholders to
forfeit the stock of the delinquent stockholders for the
benefit of said corporation, or to sell the same in
their discretion, and all such calls are hereby
made liens on the stock held by the respective stock-

Proviso.

holders; provided, that nothing herein contained
shall be so construed as to authorize this corpora-
tion to sell said stock until ninety days notice shall
be first given to said delinquent stockholders.

Reservation

Sec. 3. And be it enacted, That the General As-
sembly reserves to itself the right to alter or
amend this act whenever the public interest may
require it.

In force.

Sec. 4. And be it enacted, That this act shall
take effect from the date of its passage.



 
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Session Laws, 1866 Session
Volume 419, Page 44   View pdf image (33K)
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