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Session Laws, 1922
Volume 563, Page 737   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 735

affirmative vote of a majority of all its members or a majority
of all its stock (or if two or more classes of stock have been
issued, of a majority of each class), outstanding and entitled
to vote thereon.

(6) Subject to the provisions of Article 38 of the Declara-
tion of Rights, to acquire by purchase or in any other manner,
and to take, receive, hold, use and employ, sell, mortgage,
lease, dispose of and otherwise deal with any property, real or
personal, situated in or out of this State, including shares in,
and bonds, notes and other obligations of other corporations,
incorporated under the laws of this State or of any other state
or otherwise, which may be appropriate to enable it to carry
on the operations or fulfill the purposes named in the charter.

(7) To have such officers and agents as the business of the
corporation may require.

(8) To make by-laws not inconsistent with law or with its
charter for regulating the government of the corporation and
for the administration of its affairs.

(9) Generally to exercise the powers set forth in its charter
and those herein enumerated, and also to do every other act or
thing not inconsistent with law which may be appropriate to
promote and attain the objects and purposes set forth in its
charter.

13. The original or a certified copy of the by-laws, includ-
ing all amendments thereto, shall be kept at the principal office
of the corporation in this State, and shall, during the usual
business hours of every business day be open for the inspection
of every stockholder or member of the corporation. A copy of
the by-laws of any corporation incorporated under the laws of
this State, certified to be a true copy, under its seal by the
president, or a vice-president, and the secretary, or an assistant
secretary, or the treasurer, or an assistant treasurer, thereof,
shall be received as prima facie evidence of such by-laws in
the courts of this State.

SEC. 2. And be it further enacted, That a new and addi-
tional section be and the same is hereby added to Article 23 of
the Annotated Code, to be known as Section 141/0, and to fol-
low Section 14 thereof, said new and additional section to read
as follows:

14 1/2. In any case in which neither the charter nor the by-
laws of a corporation having no capital stock, heretofore or


 

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Session Laws, 1922
Volume 563, Page 737   View pdf image (33K)
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