|
FRANK BROWN, ESQUIRE, GOVERNOR.
|
291
|
|
|
SEC. 4. And be it enacted, That all vacancies by death,
resignations or otherwise, in the office of directors, shall be
filled by the board by ballot, without unnecessary delay, and
at least six votes shall be necessary for the election of a direc-
tor; and the said directors shall hold regular meetings at least
once in each month, to receive the reports of their officers as
to the business and affairs of the corporation and to transact
such business as may be necessary, and any director omitting
to attend the regular meetings of the board for three months
in succession, may thereupon, at the election of the board, be
considered as having vacated his place, and a successor may be
elected to fill the same; the Superior Court of Baltimore city
may, at any time, for due cause, remove any director, on
proper notice to such director and affording him an opportu-
nity to be heard in his defense.
|
Vacancies.
|
|
|
SEC. 5. And be it enacted, That the board of directors of
said corporation shall have power, from time to time, to make
such by-laws, rules and regulations as they shall judge proper,
for the election of their officers, for prescribing their respec-
tive functions and the mode of discharging the same, for the
regulation of the times of meetings of the officers and direc-
tors, and generally for transacting, managing and directing the
affairs of the corporation; provided, such by-laws, rules and
regulations are not repugnant to this act, or to the Constitution
or laws of this State, or of the United States.
|
May pass
by-laws.
|
|
|
SEC. 6. And be it enacted, That the treasurer and agents
of said corporation shall, respectively, give such security for
their fidelity and good conduct as the board of directors may,
from time to time, require; and the said board of directors
shall fix the salaries of such officers and agents.
|
Officers to
give security.
|
|
|
SEC. 7. And be it enacted, That whenever any deposit shall
be made by any minor, the directors of said corporation may,
at their discretion, pay such sums as may be due to him or
her, although no guardian shall have been appointed for such
minor, or the guardian of such minor shall not have authorized
the drawing of the same, and the check, receipt or acquittance
of such minor shall be as valid as if the same was executed by
a guardian of such minor, or the said minor was of full age ;
provided, such deposit was made personally by said minor;
and whenever any deposit shall have been made by a married
woman, rnay repay the same on her own receipt.
|
Deposits by
minors.
|
|
|
![clear space](../../../images/clear.gif) |