114

LAWS OF MARYLAND.

shall entitle any holder to a vote, which shall not

have been holden two calender months previous to

the day of election.

SEC. 11. And be it enacted. That it shall be the duty

of the Directors, to lay before the stockholders of said

Duties of the
Directors

corporation once in each year, at a general meeting,
for their information, an exact statement of the finan-

cial condition and affairs of the bank, of the debts

which shall have remained unpaid after the expiration

of the original credit, and the surplus profits, if any,

after deducting losses and dividends.

SEC. 12. And be it enacted, That the Board of Direc-

tors shall cause to he furnished to the Treasurer of the

State, statements of the amount of the capital stock

of the corporation and of the debts due to, and from

Furnish state-
ments

the same, specifying those due to, and from other

banks, of the moneys deposited therein, of the notes,

if any, in circulation, of the cash on hand, specifying

the amount of coin, and of 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 statements to be

furnished once in each year, and to show the condi-

tion 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; and the said corporation shall publish

said statement so made to the Treasurer, in one news-

paper, published in the town of Cambridge; such

statement in all cases to be verified by the oath or

affirmation of the President or Cashier of said corpo-

ration.

SEC. 13. And be it enacted, That it shall be lawful'

for the said corporation to issue notes, usually denom-

Issue bank

inated, " bank notes," to an amount, not at any time

notes

exceeding the amount of its capital stock, actually

paid in; and no note shall be issued, of a less amount

or denomination, than five dollars, nor of any amount

intermediate, between five and ten dollars, and the

General Assembly may at any time, restrict the issue

of such notes, both in the amount which may be

issued, and in the denomination of notes; but this

section shall not be construed as compulsory on said