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364
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LAWS OF MARYLAND.
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each and every share of capital stock held by such
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stockholder, and that section eight of said act of
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Act repealed.
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assembly of eighteen hundred and seven, chapter
sixty-eight, providing for the election of directors and
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the qualifications of electors therefor, be and the
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same is hereby repealed.
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SEC. 3. And be it enacted, That section twelve of
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the said act of assembly of eighteen hundred and
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thirty-five, chapter two hundred and twenty-nine,
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Act repealed.
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entitled "A supplement to an act entitled an act to
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incorporate a Fire Insurance Company in the city of
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Baltimore," providing for disqualification of directors
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in certain cases, be and the same is hereby repealed.
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SEC. 4. And be it enacted, That the said respective
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sections aforegoing shall have no force or effect as
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amendments of charter of said corporation until the
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No force until
accepted.
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same, respectively, be accepted as such by the stock-
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holders convened for the purpose of submitting and
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passing on the same, after not less than two weeks'
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notice of such meeting, published in some daily news-
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Proviso.
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paper in Baltimore city, provided, further, that at
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such meeting, said stockholders may accept or reject
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this entire act, or may accept one or more sections
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and reject others, whereupon such, sections as may be
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thus accepted by said stockholders shall be taken
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and held as a part of the charter originally granted to
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said company, and then and thereafter such parts of
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said acts of assembly of eighteen hundred and seven,
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chapter sixty-eight, and of eighteen hundred and
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thirty-five, chapter two hundred and twenty nine, as
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may be inconsistent with the sections of this act,
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which may be so accepted by said stockholders, shall
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be and stand repealed.
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SEC. 5. And be it enacted, That this act shall take
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Effective.
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effect from the date of its passage.
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Approved April 8, 1884.
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