JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 611

removing from this State or ceasing to be the owner
of the requisite amount of stock, shall thereby vacate
his office ; any vacancy in the board or in the pres-
idency, shall be filled by appointment by the remain-
ing directors; the president or director so appoint-
ed shall hold his office until the next annual meeting ;
and if an election of directors should not be held at
the time appointed, the said corporation shall not for
that cause be dissolved, but an election may be held
at any subsequent day, thirty days' notice being
given by advertisement in the same way as is pro-
vided for the annual election, and the choice of
president may be made at any time within thirty
days after said election; the commissioners herein
named shall choose a president, who shall hold office	Choose presi-
with the same tenure as the said commissioners do,	dent.
with power to fill a vacancy in this office at any time ;
and the directors shall choose a president from this
number at their first meeting after the annual elec-
tion, who 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
capital stock ; provided, that each commissioner or
director herein designated to serve until the first
annual meeting, shall own in his own right not less
than fifty shares of the capital stock.
SEC. 6. And be it enacted, That the cashier or
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	Give bond
and directors, in a sum not less than ten thousand
dollars, to be increased five thousand dollars for each
additional one hundred thousand dollars added to
the capital, with a condition for the faithful discharge
of their duties.
SEC. 7. And be it enacted, That the president, each
director, cashier and treasurer, before he enters
upon the duties of his office, shall take the follow-
ing oath or affirmation, as the case may be : "I, ————
do swear or affirm that I will faithfully, impartially,	Oath or affir- mation
diligently and honestly execute the duties of ————
agreeably to the provisions of law and the trust im-
posed in me to the best of my skill and judgment."
And the president and each director shall further