JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 293

shall hold office for the space of one year, or until
his successor is appointed ; each Director shall own
in his own right, at least fifty shares of the capital
stock ; provided, that each of the said commissioners
or Directors herein designated, to serve until the
first annual meeting, shall own in his own right not
less than thirty shares of the capital stock.
SEC. 6. And be it enacted, That the Cashier or	Give bond
Treasurer, before he enters upon the duties of his
office, shall be required to give bond with two or
more securities, to the satisfaction of the President
and Directors, in a sum not less than twenty-five
thousand dollars, to be increased five thousand dol-
lars for each additional one hundred thousand dollars
added to the capital, with a condition for the faith-
ful discharge of his duties.
SEC. 7. And be it enacted, That the President, the
Directors, the Cashier and Treasurer, before they or	Take oath or
either of them enter upon the duties of his office,	affirmation
shall take the following oath or affirmation, as the
case may be : "I do swear or affirm that I will faith-
fully, impartially, diligently and honestly execute the
duties of ———— agreeably to the provisions of law
and the trust reposed in me to the best of my skill
and judgment." And the President and each Director
shall further make oath or affirmation " that he is
the bona-fide owner in his own right, of the shares of
stock standing in his name on the books of the bank,
and the same is not hypothecated, or in any way
pledged as security for any loan obtained, or debt
owing to this bank," which oath shall be subscribed
in a book kept for the purpose.
SEC. 8. And be it enacted, That no director shall bo
entitled to receive any emolument for his services.	Compensation.
unless the same shall have been allowed at a general
meeting of the stockholders; and the directors shall
make such compensation to the president for his ex-
traordinary attendance at the bank as shall appear to
them reasonable.
SEC. 9. And be it enacted, That all subscriptions to
the capital stock of said bank shall be paid in the	Subscriptions.
following manner, that is to say: a first instalment
of one dollar per share on each share at the time of