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Session Laws, 1888 Session
Volume 481, Page 482   View pdf image (33K)
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482

LAWS OF MARYLAND.
SEC. 18. And be it enacted, The continuance

Conditions for
continuance.

of this corporation shall be on the condition
that the stockholders and directors of this cor-
poration shall be liable to the amount of their
respective share or shares of stock in this cor-
poration for all its debts and liabilities upon
note, bill or otherwise ; and upon this further
condition, that this act and every part of it may
be altered from time to time or repealed by the
legislature.
SEC. 19. And be it enacted. That if the presi-

Suspension.

dent and directors should at any time suspend
the active business operations or workings of
the corporation, and a majority of the stock-
holders, in general meeting assembled, deter-
mine to close the banking operations, thenceforth
it shall not be lawful for the corporation to
resume the exercise of its banking powers and
franchises, but the same shall be closed, and
after the payment of its debts and liabilities
the remaining assets and property of the cor-
poration shall be divided among the stock-
holders or their assigns.
SEC. 20. And be it enacted, That any and all

Repealed.

acts, or parts of acts, or acts inconsistent with
the provisions of this act, be and they are hereby
repealed, so far as they apply to the "South
Baltimore Bank" named in this act of incor-
poration.

Right reserv'd

SEC. 21. And be it enacted, That the general
assembly reserves to itself the right to alter or
amend this act of incorporation at pleasure.

Approved April 4, 1888.

Chapter 395.

AN ACT to incorporate the town of Hampstead,
Carroll county.

SECTION 1. Be it enacted by the General As-

Incorporation

sembly of Maryland, That the inhabitants of the
town of Hampstead, Carroll county, shall be
and they are hereby made a body corporate by
the name and style of the " Mayor and Council



 
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Session Laws, 1888 Session
Volume 481, Page 482   View pdf image (33K)
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