660 LAWS OF MARYLAND.
|
|
|
|
|
|
Chapter 412.
AN ACT, a supplement to an act entitled "An.
act to incorporate the Howard Street Savings
Bank of Baltimore," and to the acts supple-
mentary thereto.
SECTION 1. Be it enacted by the General As-
|
|
|
How managed
|
sembly of Maryland, That the affairs of the
"Howard Bank" shall be managed by seven
directors, and that the portions of section two of
the original act of incorporation providing that
there shall be twelve directors be and the same
is hereby repealed.
SEC. 2. And be it enacted, That articles four and
|
|
|
Repealed, etc.
|
seven of the original act of incorporation be and
the same are hereby repealed, and re-enacted so
as to read as follows :
SEC. 3. And be it enacted, That the president
and three directors shall constitute a quorum
|
|
|
Quorum.
|
for the transaction of business, and in case of
the absence of the president a president pro tem-
pore may be appointed by the directors present
from their own number ; and such president pro
tempore, with these directors, shall constitute a
quorum for the transaction of business ; all va-
cancies in the board may be filled by the vote of
a majority of the directors, and such directors
so appointed shall serve until the annual election,
of a new board.
SEC. 4. And be it enacted, That a member may
|
|
|
May be ex-
pelled.
|
be expelled and deprived of his membership by a
vote of four directors ; and that section eight of
the original act of incorporation so far as the
same is in conflict with this section, and to such
extent only, be and the same is hereby repealed.
Approved April 5, 1888.
|
|
|
|
|
|
|
|