152

LAWS OF MARYLAND.

said bank may vote either in person or by proxy ;

every election shall be by ballot and the plurality of

votes thus cast shall be necessary for a choice. The

Elect President

directors shall elect a President and Vice President

and Vice Presi-
dent.

from their own body annually, and shall make such

by-laws, rules, and regulations, as may be necessary

for the prosecution of their business of the bank; in

case it should at any time happen that an election of

Directors of said banking company should not be

made so as to take effect on any day when, in pur-

suance of law the same should take effect, the cor-

poration shall not for that cause be deemed to be

dissolved, but it shall be lawful at any time within

thirty days thereafter, to make such an election in

such manner as shall be directed and provided for

by the ordinances of the banking company; and in

case of the death, resignation, removal out of the

State, or other disqualification of any director, or of

the President, of said banking company, the vacancy

therein occasioned, may be tilled by the directors for

the time being, electing a director or appointing a

President, as the case may be, for the balance of the

term.

SEC. 10. And be it enacted. That the following rules

Rules und
regulations.

and regulations, restrictions, limitations, and provi-

sions shall form and be part of this charter :

Voting

A. Every stockholder shall be entitled to one vote

for every share which he, she, it, or they may hold

to the number of not exceeding three hundred shares,

and to one vote for every additional two shares to

the number of not exceeding six hundred shares, in

all and to one vote for every additional five shares

thereafter.

Statement of

B. Once in each year the directors shall lay before

unpaid debts

the stockholders of said corporation, at a general

meeting, for their information, an exact statement 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.

C. The Treasurer of the State shall be furnished

Furnish state-
ment of capital.

with statements of the amount of the capital stock

of the corporation and of the debts due to and from

the same, specifying those due to and from other