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LAWS OF MARYLAND.

such payment, and if the same and the additional
penalty shall remain unpaid for such space of time
as that the accumulated penalty shall become equal
to the sum before paid, in part and on account
of such share or shares, the same shall be forfeited
to the said company, and may be sold to any per-
son or persons willing to purchase the same for
such price as can be obtained therefor, or in default
of payment as aforesaid, the President and Direc-
tors may at their election, cause suit to be brought
against such delinquent stockholder or assignee,
before any Justice of the Peace or in any court
having competent jurisdiction of the same for the
sum so as aforesaid required to be paid, together
with the penalty incurred by default therein, and
no stockholder, whether original subscriber or
assignee, shall be entitled to vote at any election,
or at any meeting of said company, on whose share
or shares any arrearages may be due and payable,
more than thirty days before said meeting or elec-
tion; the President and Directors, may remit by a

Proviso.

vote or consent of two thirds of the whole board,
as hereinbefore stated; provided, the portion or
instalment shall be paid within ninety days after
the time appointed for such payment.

Bonds to be
given.

Sec. 10. And be it enacted, That the President
and Directors of said company, shall require and
receive of and from the Treasurer and every other
officer and other person by them employed, bonds,
in sufficient penalties and with such sureties as
they shall by their by-laws, rules and regulations,
determine, for the faithful performance of the
several duties and trusts to him, them or any of
them committed.

Dividends.

Sec. 11. And be it enacted, That dividends of so
much of the profits of the company as shall ap-
pear advisable to the Directors, shall be declared
at least twice a year in every year, and paid to
the stockholders on demand at any time after the
expiration of the ten days therefrom, but the divi-
dends shall in no cage excedd the net profits actu-
ally acquired, by the company, so that the capital
stock shall never thereby be impaired, and if the
said Directors shall fradule,ntly make, any divi-
dends which may impair the capital stock of said
company, the Directors consenting thereto shall
be liable in their individual capacities to the