ing so liable, by forthwith giving notice of the fact,
and of their absence or dissent, to the Governor of tills
State, and to the stockholders at a general meeting,
which they shall have power to call for that pur-
pose.
G. Half yearly dividends shall he made to the
stockholders of so much of the net profits of the cor-
poration as shall appear to the President and Direc-
tors advisable, such dividends shall bo declared in the
mouths of June and December, and shall be paid on
the second Monday of the ensuing month after they
are declared, and if the Directors shall at any time
wilfully and knowingly make or declare any divi-
dends which shall impair the capital stock, all the
directors present at the making or declaring such
dividends and consenting thereto, shall lie liable in
their individual capacities for the amount or propor-
tion of the capital stock so divided by the directors,
and each director who shall be present at the making
or declaring of such dividend, shall he deemed to
have consented thereto, unless he shall immediately
enter his dissent in writing on the minutes of the
proceedings of the Board, and give public notice to
the stockholders that such dividend has been de-
clared.
II. The President and a majority of the directors
shall constitute a Board for the transaction of the
business of the corporation, but the ordinary dis-
counts maybe made or granted by the President and
three Directors; and in case of sickness or necessary
absence of the President of the Bank, his place may
be supplied by a member of the Board, whom the
President by writing under his hand shall select or
appoint as President pro tempore during such ab-
sence.
I. No director shall be entitled to receive any
emolument tor his services, unless the same shall
have been allowed at a general meeting of the stock-
holders, and the directors shall make such compen-
sation to the President for his extraordinary attend-
ance at the bank as shall appear to them reasonable.
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Notice of
dissent.
Dividends.
When and
how to be
made.
Not to impair
capital stock.
Board for the
transaction of
business.
Compensat'n
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