342

LAWS OF MARYLAND.

form and be fundamental articles of the constitu-
tion of each of the said corporations, namely;

Article 1. Every stockholder shall be entitled to

Tote.

one vote for every share which he, she, it, or they
may bold to the number of not exceeding ten
shares, and to one vote for every additional two
shares, to the number of not exceeding one hun-

Additional
Totes.

dred shares in all, and to one vote for every addi-
tional five shares thereafter; but no share of stock
shall entitle any holder to a vote which shall not
have been holdeti four calendar months previous
to the day of election; and stockholders actually
resident within the United States, and none others,
may vote at elections by proxy.

Eligibility.

Art. 2. None but a stockholder, being a citi-
zen of this State, shall be eligible as a Director or
President, and every President or Director, as the
case may be, shall cease to be a Director or Presi-
dent upon his ceasing to be a citizen of this State
or stockholder.

Cannot be a
director in two
banks.

Art. 3. No Director of any one of the said
corporations shall be at the same time a Director
of any other bank in this State; and once in each
year the Directors shall lay before the stockholders
of each of said corporations, at a general meeting
for their information, an exact and particular state-

Annual state-
ment.

ment of the debts which shall have remained un-
paid after the expiration of the original credit and
the surplus profits, if any, after deducting losses
and dividends.

Furnish
Treasurer of
St'e statem'nts

Art. 4. The Treasurer of this State shall be fur-
nished with statements of the amount of the capi-
tal stock of the corporation, and of the debts due
to and from the same, specifying those due to and
from other banks, of the moneys deposited therein,
of the notes in circulation, of the cash on hand,
specifying the amounts of coin, and of the notes
of other banks, of the value of the real estate held
by the corporation, and of the amount and value
of public or other stocks owned by the corporation,
said statement to be furnished twice in each year,
and to show the condition of the corporation in
the said particulars, as they may appear at the
close of the business transactions of the day in
settlement thereof, on the first Monday of January