The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1868-06-26

Sec. 65. And be il enacted, That the Trustees,
Directors or Managers fanny corporation created
under this Article, and having capital stock,
may call in and demand from the stockholders,
respectively all sums of money by them slbscri-
bed, at such times, and in such payments and
installments as the Trustees, Directors or Man
ayers may deem proper, under the penalty of
forfeting the shares Of stock subscribed, and all
previous payments made thereon, if payments
shall not be made by the stockholders within
ninety days, after a personal demand or after
notice requiring such payments published in
newspaper printed nearest to the place where the
principal Office of the corporation is located.
Sec. sc. And be it enacted, That when any per-
son or persons owning five per cent. of the capt.
tai stock Of any corporation formed under the
provisions Of this Article, shall present to the
treasurer or chief finance officer thereof written
request for statement of the affairs of said cor
poration, it shall be the duty of such treasurer
or chief finance officer to make statement of the
affairs of said corporation under oath, embracing
particular account ofall its assets and liabitiI,
and minute detail, and to deliver such statement
TO the person or persons who presented the said
written request to the said treasurer or chief f.
nance officer within twenty days after such pre-
sentation, and keep on file in his office for six
months thereafter copy ofsucb statement which
shall at all times during business hours be exhib-
tied to any stakeholder Of said company demand
ing an examination thereof, if such treasurer or
chief finance officer, as the-ca may be, shall
neglect or refuse to make or deliver such state
ment as aforesaid, he shall forfeit and pay to the
person presenting said written request the sum
of fifty dollars, and the further sum of twenty
five dollars for every twenty.four hours thereaf-
ter until such statement shall be furnished to be
sued for and recovered in any court having ju-
risdiction over the person of such defaultng Off
Ger, and cognizance ofsaid suit. el urla ,a.r
Sec. CT. And be it enacted, That it shall be
the duty ofeyery c, poration incorporated under
this Article, TO cause book to be kept by the
Treasurer or Secretary thereof, containing the
names of all persons alphabetically arranged,
who are or shall have been within three years,
stockholders of said corporation, and showing
their places ofresideDce the number of shares
held by them respectively, and the time when
they respectively became the owners of such
shares, which book shall during the usual bust
ness hours Of every business day be open for the
inspection of stockholders or creditors ofthe cor
poration at the principal Office of the said cor
poration in this State; and evey officer or agent
ofany such corporation who shall neglect or re-
fuse to exhibit the same, shall be deemed guilty
of o misdemeanor, and the corporation shall for
felt and pay to the party injured, a penalty of
fifty dollars for every such neglect or refusal, and
all thedamages resulting therefrom to be recover
ed in an action of debt before Justice of the
Peace. NH is .-yl,i.g.j ~ va t-,i,a 'f, ,=5 J.
Sec. 60. And be it enacted, That it shall be
the duty ofevery corporation formed, and under
this Article having capital stock, to cause to be
made in the first week in January and July in
each and every year full and part ocular state
ment of the affairs of said company, verified by
the oaths or affrmations of its President and
Treasurer or chief finance officer, which state
ment shall consist of q particular account of its
assets and liabilities in minute details calculated
to the time of making up the statement as afore-
said each OF the said statements so made up
shall be recorded in a book kept in the principal
office of the said corporation in this State. -.
Sec. SO. And be 1t enacted, That any corpora
ton formed under this article, or under the
General Laws of this State, or under any special
law, and having capital stock, may increase or
diminish the same to any amount that may be
deemed sufficient and proper for the purpose of
the corporation by complying with the provisions
OF the following sections; but every COZ poration
incorporated under any special law which shall
so increase or diminish its capital stock, shall
remain subject in other particulars to all the
limitations contained in its charter, or in any
supplement thereto, and every corporation incor-
porated under the General Laws fthis State, or
under this Article, which shall so diminish or
increase its stock, shall remain subject in other
particulars to the provisions of this Article.
Sec. 10. And be it enacted, That before any
corporation shall be entitled to diminish the
amount of its capital stock under the provisions
of the last preceding sections, if the amount of
its debts and liabilities shall exceed the amount of
the capital to which it is proposed to be reduced,
such amount of debts and liabilities shall be sat-
isfed and reduced SO as not to exceed such d.
mnished amount ofcapitaL sqr o n. neg J,l...
q. Sec. H. And be it enacted, That whenever
any corporation shall desire to call a meeting of
the stockholders for the purpose OF increasing or
diminishing the amount of its capital stock, the
Directors, Managers or Trustees shall publish
notice, signed by at least majority of them in
alnewspaper published in the county or counties,
or5eity where the principal Office of said copora-
ton is located, if any shall be published there
in, for at least four successive weeks, and shall
send or deposit written or printed copy there
of in the post office, addressed toeach stockhold-
er or member of such corporation, at his usual
place of residence, at least three successive weeks
previous to the day fixed for holding such meet
ing; the said notice shall specify the object of
the meeting, the time and place where such meet
ing shall be held, and the amount to which it
shall be proposed to increase or diminish the cap
ital.i q ,..1la-.l ea- 30 vlae'aui % hG3 b. =
SEC. 70. And be it enacted, That fiat any
time and place specified in said notice. stock
holders shall appear in person or by proxy in
all the shares of stock of the corporation, the
said stockholders or the said numbers, as the
case may be, shall organize by choosing one of
the Trustees, Directors or Managers chairman of
the meeting, and also suitable person for sec
rotary, and proceed toa vote of those present
in person or by proxy, and a vote of at least
two-thrds of oil the shares of stock shall be ne
cessary to an increase or diminution of the
amount of Its capital stock. = lig VI ea q
Sec. 70. And be it enacted, That if on can
wasting the votes it shall appear that a sufficient
number of votes has been given in favor of in
creasing or diminishing the amount of capital of
said corporation, certificate of the proceeding,
showing compliance herewith, the amount Of
capital actually paid in, and the amount to
which the capital stock shall be increased or di-
minished, shall be made out and signed by the
chairman, and such csrtifcat, shall be sworn to
by the President and recorded in the Office of
the Clerk of the Superior Court of Baltimore
city, II the principal Office of said corporation
shall be therein located, or in the Office of the
Clerk Of the Circuit Court of that county in
which said principal Office is located. aa.eF geo
Sec. "a. And be it enacted, That any
corporation heretofore formed under the
General Laws of this State, or under any
special Act for any purpose for which
corrorof inn mo y, ha forx,, al ,,,Jos ~. l.