1849.

LAWS OF MARYLAND.

CHAP. 129.

section of this act, shall be jointly responsible to the oth-
er members thereof, for the benefits to which they may
become entitled by the provisions of this act, or by the
constitution and bye-laws of the association.

Powers, &c.

SEC. 6. And be it enacted, That the said associa-
tion shall have, and is hereby invested with full power
and authority to make any bye-law or bye-laws, where-
by any member thereof, failing to pay the assessments
according to the constitution and bye-laws of the associ-
ation, until the fines imposed for such neglect or refusal
equal in amount the entire sum of the assessment paid
in by such member may be excluded from all and eve-
ry benefit, that he might otherwise have become enti-
tled to.

General meet-
ings.

SEC. 7. And be it enacted, That the constitution
and bye laws of said association, shall only be amended
or altered, saving, however, the condition expressed in
the fifth section of this act, which shall remain unalter-
able, by a general meeting of the members of the asso-
ciation, convened in pursuance of public notice, given
in at least one newspaper published in the city of Balti-
more, when each member present, shall have one vote,
and two-thirds of the votes thus given shall decide; and
any alteration or amendment of the constitution or bye-
laws, that may be thus made, shall be binding on all the
members of the association, thus amending or altering
the constitution and bye-laws, or either of them.

Officers — how
and when cho-

sen.

SEC. 8. And be it enacted, That the officers of said
association shall consist, of a president, vice president,
treasurer, secretary and standing committee, consisting
of several members holding no other office in the associ-
ation, to be elected at a general meeting to be held an-
nually, and a majority of the members present shall be
necessary to a choice; the association shall also have
power to fill vacancies in any of the said offices, and to
appoint such other officers, as it may deem expedient,
and in such manner and at such time as it may deem
proper.

Banking forbid.

SEC. 9. And be it enacted, That nothing herein
contained shall be construed to grant banking privileges
to the said association, or to issue any note of the na-
ture of a bank note.

Reservation.

SEC. 10. And be it enacted, Thai the right is here-
by expressly reserved to the General Assembly of Mary-
land to alter, amend or annul this act of incorporation at
pleasure.

Acts made va-
lid.

SEC. 11. And be it enacted, That the acts of said as-
sociation and of the members thereof, as such, which
do not exceed the powers, to them granted by this act