Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1868-07-23
....'. - LAWS---GENERAL,
81. PASSED BY THE
GENERAL ASSEMBLY OF MARYLAND
AT THE JANUARY SESSION, 1868.
PUBLISHED BY AUTHORITY.

AT THE JANUARY SESSION, 1868.
PUBLISHED BY AUTHORITY.
tcHArrrn All .v.cr
To repeal Article twenty-six of the Code of
Public General Laws, and to enact a SUBJ
stitutc therefore, and to repeal section
twenty-five, Of Article sixteen, sections
ninety-nine to one-hundred and three of
the same Article, and sections thirty-three
to forty-three, of Article lightweight, of
the Code of Public General Laws.
Section l. Be it enacted by the General
Assembly of Maryland, That any corporation
may acknowledge any deed, which such cor
poration has the power to make by attorney,
appointed by such corporation, under the seal
thereof, and such appointment may be embo-
died in the deed.
:, Sec. g. And be it enacted That no corpo-
ration created or to be created, aud not ex-
pressly incorporated for banking purposes,
shall by any implication or construction, be
authorized to exercise banking privileges or
to. issue any note, token or devise, scrip or
other evidence of debt to be used as currency.
=. Sec. 8. And be it enacted, That when the
corporate powers of any corporation, incor-
porated under the laws of this State, are di-
rectel by its charter, or certificate of incorpo-
ration to be exercised by any particular body
or number of persons, majority of such bo-
dy or persons, if it be not otherwise provided
In the charter or certificate of incorporation,
shall be sufficient number to form board
for the transaction of business and every de-
cision of majority of the persons duly as
IioI Ill H. Il
porate act.
Sec. 4. And be it enacted, That copy OF
any bylaw, of any corporation, incorporated
under the laws of this State, under its seal,
and purporting to be signed by the President,
Secretary or Treasurer of the corporation,
shall be received as prina .facie evidence of
such bylaw, in the Courts of this State.
Sec. s. And be it enacted, That the Presi-
dent and Directors of every corporation shall
keep full, fair, and correct accounts of their
transactions, which shall be open at all times
to the inspection Of the stock or mem-
bers, and they shall annually prepare full
and true statement of the affairs of the cor
poration, which shall be certified to by the
President and Secretary, and submitted at the
annual meeting Of the stockholders or mem
bers.
Sec. 6. And be it enacted that general
meetings of the stockholders of any corpora
ton, incorporated under the laws of this State,
may be called at any time upon the require
ment of stockholders entitled to vote major
ity of the stock of said corporation, Of which
meeting not less than ten days notice shall be
given in a newspaper published in the county
in which the principal place of business of
said corporation is situated and also in a
newspaper published in the city of Baltimore,
aud when said principal place Of business is
situated in said city. then 10 two newspapers
published therein aud if the President and
Directors refuse TO call such meeting, the said
Stockholders so owning a majority Of said
stock, may do so on giving notice as above
set forth.
Sec. 7. And be it enacted, That at any
general meeting of the stockholders, called as
provided for in the next preceding section.
any President, Director or Directors of said
corporation may, by vote of a majority in
interest of the whole number of stockholders,
be removed from Office, and another or others
be appointed in the place of the person or
persons so removed, to serve for the remand
or of his or their term.
Sec. 8. And be it enacted, That whenever
five or more stockholders of any private COR
pOration, created under the laws of this State,
at least thirty days before an election for
Managers, Directors or other officers of such
corporation, elected by the stockholders there
of, shall give notice 10 writing Of their inten-
-tion to canvas the votes which may be given
at the next election thereof, and shall deliver
said notice at the usual place of business of
such corporation, to the President, Cashier,
SpcrnfarV Or f,th
ger Of such company. it shall be the duty OF
the officer receiving such notice Immediately
to communicate the same by mail to all the
stockholders of such corporation living 10 the
State.
Sec. 9. And be it enacted, That upon proof
made to the judges Of any such election ol
such notice having been delivered as afore-
said, by any five stockholders, such judges
shall, before receiving the votes, require every
stockholder offering to vote in person the stock
of the corporation to make an oath or affir-
nation that the stock which such person pro-
poses and offers to vote in the election then to
be held, is his sole and bona. 1fde property, or
belongs solely and bona .Jfde to him and his
partner or partners In trade, or is held by
him as Trustee or in some fiduciary relation
to be specified in such oath, and that his right
huu Glto w tuC Soulo HAS OeeQ Ialrly ana coma
fde, and not colorably and fraudulently cre-
ated or acquired, and not with any intent t.
increase the number of votes which would
otherwise be allowed to said stock, nor in any
manner, directly or indirectly, to violate, avoid
or evade the standard of voting as fixed eth.
er by the charter of said company or its by
laws, and that the said stock, to the best o.
his knowledge, belief and information, or any
interest he has therein, is not retained in bis
name or in that of bis partner, on the books
of said corporation, with any such intent, de-
sign or purpose, and that he does design in
all respects and in good faith to comply with
the charters Of the said corporation and its
regulations upon the subject of voting stock
therein.
Sec. 10. Aud be it enacted, That whenever
such stock is owned by and stands in tn,
name of any corporation or body polite, som,
officer thereof shall take the oath prescribed
in the last preceding section, and further de-
clare, on oath, that be has full opportunity
from his official station in the corporation t,
know the opinions and sentiments of ma