A. W, BRADFORD, ESQUIRE, GOVERNOR.

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Sec. 11. And be it enacted, That the President
and Directors shall have power and authority to
appoint a Secretary and such other officers or clerks
under them, as shall be necessary for transacting
the business of the company, and may allow such
salaries as tbey shall judge reasonable; shall pro-
vide for the compensation of the President and
other officers of the company.

Officers to be
appointed.

Sec. 12. And be it enacted, That the President
and Directors shall keep full, fair and correct ac-
counts of their transactions which shall be open at
all times to the inspection of the stockholders; they
shall annually prepare a full and true statement
of the affairs of the company, which statement
shall be certified to by the President and Secretary.

Fall and fair
accounts of
company to be
kept.

Sec. 13. And be it enacted, That the President
and Directors shall have power to purchase or hire
a suitable lot or building, within the limits of the
city of Baltimore, for the purpose of transacting the
business of the company.

May purchase
building.

Sec. 14. And be it enacted, That so stockholder
in this company shall be answerable in person or
individual property for any contract or agreement
of said company, or for any losses, deficiencies or
failures of the capital stock of this company, but
the whole of said capital stock, together with all
the property, rights and credits belonging there-
unto, and nothing more, shall at any time be an-
swerable for demands against said company.

Individual
propertv not
responsible.

Sec. 15. And be it enacted, That as soon as prac-
ticable after the passage of this act, the persons
named in the first section .thereof shall open books
for subscription to the capital stock of the company
at some ptiblic place or places in the city of Balti-
more, of which public notice shall be given, and
shall keep the same open for twenty days or
longer, in their discretion.

Books to be
opened,

Sec. 16. And be it enacted, That the stock of
this company may be assigned and transferred be
the books thereof in person or by power of attorney
only, but no stockholder indebted to the company
shall be permitted to make a transfer or receive a
dividend until such debt is. paid or secured to be
paid to the satisfaction of the President and Board
of Directors.

Stock may be
transferred.