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LAWS OF MARYLAND.

Acts altered.

Rights and
privileges.

SEC. 2. And be it enacted, That the several sec-
tions of said original act of incorporation and of the act
supplementary thereto, in which the word members,
occurs shall be altered and amended by the insertion of
the words, and stockholders, after and immediately suc-
ceeding said word, members, so that said several sec-
tions shall read, members and stockholders; and that
the stockholders of said bank shall have all the rights
and privileges granted to the members of said bank by
virtue of said original act and the act supplementary
thereto, except so far as the same shall hereinafter be
altered, amended or repealed.

Repealed.

SEC. 3. And be it enacted, That section four of the
original act, providing for the election of members, and
declaring their qualifications and privileges, he, and
the same is hereby repealed; Provided, however, that
from and after the passage of this act, the board of di-
rectors of said bank shall have the power to make by-
laws and rules not inconsistent with this act, declaring
the qualifications necessary to become members, to re-
gulate and establish the mode of election of the same,
and to provide for declaring and distributing the divi-
dends of said bank to those properly becoming entitled
to the same.

Par value.

SEC. 4. And be it enacted, That the par value of
the shares of the capital stock of said bank be, and the
same is hereby fixed and declared to be of the sum of
ten dollars for each and every share of said slock, the
number of which said shares of capital stock said bank
is hereby authorised and empowered to increase from
time to time as the same may become desirable and ne-
cessary, to any number not exceeding thirty thou-
sand.

Votes.

SEC. 5. And be it enacted, That every holder of
shares of capital stock of said bank shall he entitled to
one vote for each share of stock so held, not exceeding
one hundred, one vote for every five shares over one
hundred and not exceeding one hundred and fifty; one
vote for every ten shares above one hundred and fifty
and not exceeding two hundred; one vote for every
twenty shares over two hundred and not exceeding
three hundred; one vote for every fifty shares over
three hundred and not exceeding five hundred; no
holder to be allowed to vote upon any larger amount
of said capital stock than five hundred shares, nor upon
Any stock whatever transferred to such holder or hold-