1836.

LAWS OF MARYLAND.

CHAP. 264.

ners on the books of such corporation, with any such
intent, design or purpose, and that I do now design in
all respects, and in good faith to comply with the char-
ter of the said corporation, and its regulations upon the
subject of voting stock therein."

Oath of corpo-
ration

SEC. 5. And be it enacted, That whenever any such
stock is owned by and stands in the name of any cor-
poration or body politic, it shall be the duty of some
officer thereof to take the oath prescribed by the second
section of this act, and further declare on oath or af-
firmation that he has full opportunity from his official
station in the corporation for which he swears or af
firms, to know the opinions and sentiments of a majority
of the directors thereof in relation to such stock, and
that he represents them fairly in the premises.

Votes by proxy
Oath required

SEC. 4. And be it enacted, That it shall not be law-
ful for any person, body politic or corporate, hereafter
to vote by proxy on stock held in any private corpora-
tion unless the person, or in case of a body politic or
corporate, the president, cashier or some lawfully con-
stituted officer thereof, shall make oath or affirmation
before some person authorised by the laws of Maryland
or by the laws of the State where the same shall he
administered, to administer an oath to the same effect,
as is required by the second section of this act, to be
made on the requisition of five or more stockholders
voting in person, a certificate of which oath of affirma-
tion shall be produced before the person or persons
holding said election, before any vote by proxy shall
be received.

Oath of owner,
ship required
of director.

SEC. 5. And be it enacted, That no person or per-
sons sliall act as director of any bank, requiring that
the directors thereof shall hold any number of shares
therein, unless the said director, before he shall, proceed
to discharge his duties as director in said bank, shall
make oath or affirmation as the case may be, before
some justice of the peace, that he is the sole and bona
fide owner of the stock standing in his name on the
books of said bank, and that the same has riot been
transferred to qualify him to serve as director in said
bank.

Stock hypothe-

cated

SEC. 6. And be it enacted, That in all cases when the
stock in any money corporation in this State shall or
may have been hypothecated or pledged by the owner