THOMAS H. HICKS, ESQUIRE, GOVERNOR.

231

SEC. 14. And be it enacted, That no stockhol-
ders in this company shall be answerable in per-
son or individual property for any contract or
agreement of said company, or for any losses, de-
ficiencies, or failures of the capital stock of this
company, but the whole of said capital stock, to-
gether with all property, rights and credits, be-
longing thereunto, and nothing more, shall at any
time be answerable for the demands against the
company.

Individual pro-
perty not an-
swerable.

SEC. 15. And be it enacted, That as soon as
practicable after the passage of this act the persons
named in the first section thereof shall open books
for subscription to the capital stock of the com-
pany at some public place or places in the city of
Baltimore, of which public notice shall be given,
and shall keep the same open for thirty days or
longer in their discretion.

Books to be
opened.

SEC. 16. And be it enacted, That the stock of
this company may be assigned and transferred on
the books thereof in person or by power of attor-
ney only, but no stockholder indebted to the com-
pany shall be permitted to make a transfer or re-
ceive a dividend until such debt is paid or secured
to be paid to the satisfaction of the President and
board of Directors.

Stock trans-
ferable.

SEC. It. And be it enacted, That the President
and Directors may call a general meeting of the
stockholders for any purpose relative to the affairs
of the company, giving at least fifteen days notice
thereof in two daily newspapers of the city of Bal-
timore, and any number of stockholders not less
than fifty, holding together not less than five hun-
dred shares of the company, may at any time ap-
ply to the President and Directors to call a gener-
al meeting of the stockholders for any purpose
relative to the affairs of the company; and if the
President and Directors refuse to call such meet-
ing the number of stockholders, proprietors of the
said number of shares shall have power to call a
general meeting of the stockholders, giving at
least fifteen days notice in the said newspapers
published in the city of Baltimore, specifying in
such notice the object of such meeting.

Way call meet-
ing*.

SEC. 18. And be it enacted, That this act shall
take effect from the date of its passage, and con-
tinue in force until the year eighteen hundred and

To take effect.