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Session Laws, 1862
Volume 532, Page 40   View pdf image (33K)
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40

LAWS OF MARYLAND.

and consenting thereto, shall be liable in their
individual capacities, to the corporation for the
amount or proportion of the said capital stock so
divided by the Directors, and each Director who
shall be present at the making or declaring of
such dividend, shall be deemed to have consented
thereto, unless he shall immediately enter his dis-
sent in writing on the minutes of the proceedings
of the Board, and give public notice to the. Stock-
holders that such dividend has been declared.

Emoluments
of Directors.

Article 10. No Director shall be entitled to re-
ceive any emolument for his services, unless the
same shall have been allowed at a general meet-

Compensatio
of President.

in ing of the stockholders, and the Directors shall
make such compensation to the President, for his
extraordinary attendance at the Bank, as shall
appear to them reasonable.

General meet
ings of stock
holders.

Article 11. The President and Directors of this
corporation may at any time call a general meet
ing of its stockholders for any purpose relative to
the Institution, giving at least two weeks notice in
two or more daily papers printed in Baltimore city;
and any number of stockholders owning not less
than one-fifth of the stock of the corporation, may
at any time examine the books, papers and accounts
of such corporation, or may apply to the President
and Directors to call a general meeting of the stock-
holders for any purpose relative to the Institution ;
and if the President and Directors shall refuse to
call such meeting, the said number of stockholders,
proprietors of not less than the aforesaid number
of shares, shall have power to call a general meet-
ing of the stockholders, giving notice as aforesaid,

List of stock
holders.

and specifying in such notice the objects of such
meeting ; and it is hereby made the duty of the
President and Directors, upon the application of,
any ten stockholders for that purpose, to give such
stockholders a full list of the names of all the stock-
holders in said Bank.

Bond of thi
Cashier.

Article 12. Before he enters upon the duties of
his office, the Cashier shall be required to give
bond, with two or more securities, to the satisfaction
of the President and Directors, in a sum not less
than fifty thousand dollars, with a condition for
the faithful discharge of his duties.

Lands, &c.,
held by the
corporation.

Article 13. The lands, tenements and heredita-
ments which it shall be lawful for the said corpora-



 
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Session Laws, 1862
Volume 532, Page 40   View pdf image (33K)
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