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Session Laws, 1933 Session
Volume 421, Page 588   View pdf image (33K)
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588 LAWS OF MARYLAND. [CH. 314

elected to fill their respective places. Such election shall
be held at the office of the corporation, and at such time
and upon such public notice, not less than ten days, by ad-
vertisement in at least one newspaper published in the
city or county where said office is located. Within fifteen
days after the date on which the annual meeting of stock-
holders is held, the directors elected at such meeting shall,
after due qualification, hold a meeting at which the officers
of the corporation shall be elected and hold their offices for
one year and until their successors have been elected and
qualified, unless sooner removed by the board of directors.
Vacancies occurring in the intervals of elections shall be
filled by the board. Each director when appointed or
elected shall take an oath that he will, so far as the duty
devolves on him, diligently and honestly administer the
affairs of the corporation, and will not knowingly violate,
nor willingly permit to be violated, any of the provisions
of law applicable to such corporation, and that he is the
owner in good faith and in his own right of the par value
of stock required by this section, subscribed by him or
standing in his name on the books of the corporation, and
that the same is not hypothecated nor in any way pledged
as security for any loan or debt.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1933.

Approved April 21, 1933.

CHAPTER 314.

AN ACT to repeal and re-enact with amendments Section
42 of Article 41 of the Annotated Code of Maryland
(1924 Edition), title "Governor—Executive and Admin-
istrative Departments, " sub-title "State Manual, " pro-
viding for the publication of the Maryland Manual every
two years.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 42 of Article 41 of the Annotated
Code of Maryland (1924 Edition), title "Governor—Execu-
tive and Administrative Departments, " sub-title "State
Manual, " be and it is hereby repealed and re-enacted with
amendments to read as follows:

 

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Session Laws, 1933 Session
Volume 421, Page 588   View pdf image (33K)
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