A. W. BRADFORD, ESQUIRE, GOVERNOR.

shall at any time be answerable for the demand
against the said Association.

553

Sec. 13. And be it enacted. That the stock 'of
this Association may be assigned and transferred
on tlie books in person or by proxy, or by attor-
ney only; but no Stockholder indebted to the As-
sociation shall be permitted to make a transfer, or
receive any dividend, until such debt is paid or
secured to the satisfaction of the President and
Board of Directors.

Stock mar be
transferred.

Sec. 14, And be it enacted, That the President
and Directors may call a general meeting of the
stockholders, for any purpose relative to the affairs
of the Association, giving at least fifteen days no-
tice thereof, in one or more daily newspapers in
the city of Baltimore; and it shall be the duty of
the Secretary to give notice of such call to each
stockholder not a resident in the city of Baltimore,
through the medium of the Post Office, and such
notice shall specify the object of such meeting, and
if the President and Directors shall refuse to call
such meeting, the stockholders and proprietors of
one thousand shares shall have power to call such
meeting in the manner specified, giving notice in
one or more daily newspapers in the city of Balti-
more, and special notice to the stockholders not
residents in the city of Baltimore.

Meetings.

Sec. 15. And be it enacted, That should it so
happen.from any cause whatever, that the annual
election of Directors should not take place in any
year, on the day hereinbefore mentioned for that
purpose, this company shall not for that reason
be dissolved, but such election may be lawfully
held on such convenient day thereafter as may for
that purpose be fixed on by the President and Di-
rectors, they causing ten days notice thereof to be
given in the manner hereinbefore provided for.

Failure to elect
not to cause dis-
solution.

Sec 16. Be it further enacted, That this act shall
take effect from the date of its passage, and the
General Assembly hereby reserves the right to
alter, amend or repeal this act at its pleasure.

To take effect.