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LAWS OF MARYLAND.

ble as a director who is not the bona fide owner of at

least twenty shares of the capital stock of the bank,

and who is not also a male citizen of this State ; and

the functions of any director, as such, shall expire

whenever he shall cease to be the bona fide owner of

twenty shares of stock as aforesaid.

Election for

SEC. 9. And be it enacted, That the election of di-

Directors

rectors of the said bank shall be held annually at

the bank, on the first Monday in September, and

the Board of Directors shall give at least ten days

notice, in two or more daily newspapers, published
in Baltimore city ; and the stockholders of the said

bank may vote either in person or by proxy ; every

election shall be by ballot and the plurality of votes

Elect President

thus cast shall be necessary for a choice. The direc-

tors shall elect a President from their own body

annually, and shall make such by-laws, rules, and

regulations, as may be necessary for the prosecution

of the business of the bank ; in case it should at any

time happen that an election of Directors of said bank

should not be made so as to take effect on any day

when, in pursuance of the law the same should take

effect, the corporation 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 ordinance of the bank ; and in

case of the death, resignation, removal out of the

State, or any other disqualification of any director,
or of the President of said bank, the vacancy therein

occasioned, may he filled by the directors for the

time being, electing a director or appointing a Pres-

ident, as the case may be, for the balance of the time.

Rules and

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

regulations

regulations, restrictions, limitations, and provisions

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.

Not eligible

B. No director of this corporation shall be at the

the same time a director of any other bank in this

State.