JAS. BLACK GROOME, ESQUIRE, GOVERNOR. ' 295

June and December in each and every year, and shall
be paid on and after the second Monday of the ensu-
ing month after they are declared ; and if the direc-
tors shall at any time wilfully and knowingly make
or declare any dividend which shall impair the capi-	Impairing'
tal stock, all the directors present at the making or	capital
declaring such dividend and consenting thereto shall
be liable in their individual capacities to the corpo-
ration for the amount or proportion of the said capi-
tal stock so divided by the directors ; and each direc-
tor who shall be present at the making or declaring
of such dividends, shall be 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 declared.
SEC. 13. And be it enacted, That no director of said	Not eligible
bank shall be at the same time a director of any
other bank in the State; and once in each year the
directors shall lay before the stockholders at the
general meeting an exact and particular statement of
the amount of the capital stock, of the debts due to
and from the same, of the moneys deposited therein,
of the cash on hand, specifying the amounts of coin
and the assets of other banks, of the value of the real
estate held by the bank and of the amount and value
of public or other stocks owned by the corporation,
and of the amounts of the losses, dividends and dis-	Publish
counts; and shall publish said statement, verified	statement
by the oath or affirmation of the president and cash-
ier, in at least one of the daily newspapers published
in the city of Baltimore, and shall show the condition
of the corporation in the said publication as it may
appear, at the close of the business transaction of
the first Monday in January in each and every
year.
SEC. 14. And be it enacted, That the total amount
of the debts which the said bank shall at any time	Amount of debt limited
owe, whether by bond, bill, note or other contract, shall
not exceed the amount of capital actually paid into
the said bank, (provided, that the money deposited
in the said bank for safe keeping, shall not be con-
sidered as the debt of the bank within the provisions
of this clause), unless the contracting of a greater
debt shall have been previously authorized by a law