ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

dent shall have and exercise all the powers of
the president.
SEC. 15. And be it enacted, That the president

481

and directors of the corporation may at any time
call a general meeting of the stockholders for
any purpose relating to the corporation, giving
at least three weeks' notice in two or more daily
newspapers published in Baltimore city. Any
number of the stockholders owning not less than
one-fifth of the stock of the corporation may
apply to the president or directors to call a gen-
eral meeting for any purpose relative to the in-
stitution, and if the president or directors refuse
to call such meeting the stockholders owning
not less than the aforementioned number of
shares of stock shall have power to call a gen-
eral meeting of the stockholders, giving notice
as aforesaid, and specifying in such notice the
object of such meeting; and it is hereby made
the duty of the president and directors of this
bank, upon the application of any stockholders,
proprietors of not less than one-fifth of the capi-
tal stock, to give such stockholders a full list of
the names of all the stockholders in said bank.
SEC. 16. And be it enacted, That the lands,

General meet-
ings.

tenements and hereditaments, which it shall be
lawful for this corporation to hold, shall be only
such as shall be requisite for its immediate ac-
commodation in relation to the convenient trans-
action of its business, or such as shall have been
bona fide mortgaged and conveyed to it by way
of security, or in the satisfaction of debts con-
tracted in the course of its dealings, or purchased
at sales upon judgments which shall have been
obtained for such debts, or at foreclosure of
mortgages.
SEC. 17. And be it enacted, That the shares

Power to hold
land, etc.

of capital stock of the corporation shall be trans-
ferable on the books of the corporation only, 1
according to such rules as shall be established
by the president and directors ; but all debts
actually due and payable to the corporation by
a stockholder requesting a transfer must be
satisfied before such transfer shall be made,
unless the president and directors shall direct
to the contrary.

31

Stock trans-
ferable.