THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

SEC. 24. And be it enacted, That no stockholder or
member of this said association shall be answerable in
his person or individual properly, for any contract or
agreement of said association, or for any losses, deficien-
cies or failures of the capital stock of this association;
but the whole of the said capital stock, together with all
property, rights and credits belonging thereunto, and no-
thing more, shall at any time be answerable for the de-
mands against said association.

CHAP. 372.

Not answer-
able in person
property.

SEC. 20. And be it enacted, That the stock of this
association may be assigned and transferred on the books,
in person or by attorney only; but no stockholder in-
debted to the association, shall be permitted to make a
transfer or receive a dividend, until such debt is paid or
secured, to the satisfaction of the president and board of
directors.

Assigned or
transferred in
person or by
attorney.

SEC. 26. And be it enacted, That the president and di-
rectors may call a general meeting of the stockholders for
any purposes relative to the affairs of the association, giv-
ing at least two weeks notice thereof in the daily news-
papers of the city of Baltimore; and any number of
stockholders not less than one hundred, who hold togeth-
er five thousand shares of the association, may at any
time apply to the president and directors to call a gene-
ral meeting of the stockholders, for any purpose relative
to the affairs of the association; and if the president and
directors refuse to call such meeting, the said number of
stockholder, proprietors of not less than five thousand
shares, shall have power to call a general meeting of the
stockholders, giving at least two weeks notice in the said
newspapers printed in the city of Baltimore, specifying
in such notice the object of such meeting.

May call ge-
neral meeting.

SEC. 27. And be it enacted, That should it so hap-
pen, from any cause whatsoever, that the annual election
of directors should not take place in any year, on the
hereinbefore mentioned for that purpose, this corpora-
tion shall not for that reason be dissolved; but such elec-
tion may be lawfully held on such convenient day there-
after, as may for that purpose be fixed on by the presi-
dent and directors, they causing ten days public notice
thereof to be given in one or more of the newspapers
printed in the city of Baltimore.

Should annual
election not
take place, &c.

SEC. 28. And be it enacted, That the books for sub-
scription shall be opened by the commissioners within
sixty days after the passage of this act, with the power to
keep the books open from time to time, until the seventy-
tive thousand shares of stock are subscribed.

Books to be
opened within
60 days.