PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

general meeting of the members at any time, upon giv-
ing ten days notice by advertisement in two of the public
papers of the city of Baltimore, or by serving a notice
upon the members in writing, or leaving such notice at
their places of abode, and they shall call such meeting
whenever requested so to do in writing by twenty mem-
bers or more, and when so requested, upon refusal or
neglect so to do within lour days, any number of mem-
bers not less than twenty may call such meeting, by
giving the notice as aforesaid, and at all such meetings
it shall require a majority of all the members belong-
ing to the corporation to form a quorum for the trans-
action of business, but any number exceeding twenty
may have power to adjourn from time to time until a
quorum shall be present: article sixth, the president and
directors, for the time being, shall give, or cause to be
given, ten days notice or more in two of the public pa-
pers in the city of Baltimore, or written notice served
on the members personally, or left at their places of
abode, of the time and place of holding an annual elec-
tion for directors: article seventh, one-third of the direc-
tors, after the first election, shall not be eligible at the
next ensuing election, and so on alternately in each and
every year, and their places supplied by other members,
and all vacancies in the board may be filled by the vote
of a majority of the directors, and such directors so ap-
pointed shall serve until the annual election of a new
board.

CHAP. 88.

SEC. 8. And be it enacted, That the directors, or a
majority of them, shall have power and authority to im-
pose limitations and restrictions, by withholding profits
or dividends, or in any other mode, upon such member
or members as violate any rule or bye-law of this cor-
poration, and by a vote of nine directors a member may
be expelled and deprived of his membership, and be
subjected to such terms of settlement with the corpo-
ration as the directors or a majority of them, may decide,
and such member so expelled shall be bound legally and
equitably by such decision, and no member shall be al-
lowed to withdraw his weekly deposits but upon such
terms, conditions and restrictions as shall be prescribed
by the bye-laws.

Withdrawal of
deposits re-
stricted.

SEC. 9. And be it enacted, That nothing in this act
shall be so construed as to allow the said corporation to
issue any note, token, scrip or device, to be used as a
currency.

Banking for-
bid.

SEC. 10. And be it enacted, That the business and
affairs of this corporation shall at all times be subject to

Subject to
inspection.