352
Oath of office
Amount of
debts limited,
Proviso.
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LAWS OF MARYLAND.
amount which may be issued and in the denomina-
tion of notes, but this section shall not be construed
as compulsory on the corporation to issue such bank
notes if the directory should at any time deem it inadvisable.
E. The President, each Director and Cashier, be-
fore entering upon the duties of his office, shall take
the following oath or affirmation, as the case may be:
I do solemnly swear or affirm that I will faithfully,
impartially, diligently and honestly execute the du-
ties of ———— agreeably to the provisions of the law
and the trust reposed in me, to the best of my skill
and judgment; said oath or affirmation to be taken
before any magistrate or any person having au-
thority under the laws of the State to administer
oaths, and to be made in writing, signed by the affi-
ant, and filed among the archives of the bank.
F. The total amount of the debts which the said cor-
poration shall at any time owe, exclusive of its issues
or notes, whether by bond, bill, note or contract, shall
not exceed the amount of the capital actually paid in,
provided that the money deposited in the bank for
safe keeping shall not be considered as debts of the
bank within the provisions of this clause, unless the
contracting of a greater debt shall have been previ-
ously authorized by a law of this State, and in cases
of excess, the directors under whose administration
it shall happen, shall be liable for the same in their
natural and private capacities; and action may in
such cases be brought against them, or any of them,
or their heirs, executors or administrators, in any
Court of record in this State, by any creditor or
creditors of said corporation, and may be prosecuted
to judgment and execution, any condition, covenant
or agreement to the contrary notwithstanding; but
nothing herein contained shall be construed to ex-
empt the said corporation, or the lands, tenements,
goods and chattels of the same from being also liable
for and chargeable with the said excess; and such of
the directors who may have been absent when the
said excess was created, or who may have dissented
from the resolution or act whereby the same was cre-
ated, may respectively exonerate themselves from be-
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