THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1837.

spection of the Treasurer of the Western Shore, or by
such other officers or agents of the State, as may be
selected for that purpose by either branch of the Le-
gislature.

CHAP. 53.

SEC. 13. And be it enacted, That this act shall be
perpetual, nevertheless the Legislature may amend or
repeal any of the provisions thereof after the expira-
tion of the year eighteen hundred and fifty three.

Duration.

SEC. 14. And be it enacted, That no stockholder
indebted to said corporation, shall be permitted to
transfer his or her stock, until the debts due by him or
her to said corporation, shall be fully paid and satisfi-
ed, but no stockholder shall be liable for any debts
contracts or engagements of said corporation, but that
the money, rights, property, and credits of the corpo-
ration, shall be liable for the same.

Stockholder in-
debted.

SEC. 15. And be it enacted, That it shall be the duty
of the president and trustees, on the first Mondays in
January and July annually, to make and declare
such dividends of the profits of said corporation as in
their discretion may be proper, and at the same time
to send to the Chancellor of this State, under their
seal, a fair statement of their transactions, and the
Chancellor shall at all times have full power where the
interests of the depositors or others may require it, to

Dividends.

order a full and fair investigation into the affairs of
the corporation, and if in the course of such investi-
gation, it should be made manifest that the interest of
those concerned require it, it shall be his duty to de-
mand from the president and trustees such security as
will save the depositors from loss, and in case of fail-
ure to give such security, he shall demand a surrender
of the assets of the corporation, and this charter shall
become forfeited.

Investigation.

SEC. 16. And be it enacted, That this act shall have
no effect unless it be accepted by stockholders holding
a majority of the shares of the stock, at a general
meeting of the stockholders, to be called upon thirty
days notice thereof, published at least twice a week in
all the daily newspapers of the city of Baltimore, in
which notice the object of such meeting shall be stated
as being the question of the acceptance of this act.

Acceptance re-
quired.

SEC. 17. And be it enacted, That upon the acceptance
of this act, as provided for by the preceding section,

Repealing
clause.