614

LAWS OF MARYLAND.

by the oath or affirmation of the president and cash-

ier, in at least one of the daily newspapers published

in the city of Annapolis, and shall show the condi-

tion of the corporation in the said particulars, as they

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 debt which any of the said corporation shall

Shall not exc'd

at any time owe, whether by bond, bill, note, or

other contract, shall not exceed the amount of capi-

tal actually paid into the said bank; provided, that

the money deposited in the said bank for safe keep-

ing, shall not be considered as the debt of the bank,

within the provisions of this clause, unless the con-

tracting of a greater debt shall have been previously

authorized by a law of this State ; and in case of ex-

cess, the directors under whose administration it shall

Liability.

happen, shall be liable for the same in their natural

and private capacities, and an action may in such

cases be brought against them, or any of them, or

their heirs, executors or administrators, in any court

of record in this State, by any creditor or creditors

of said corporation, and may be prosecuted to judg-

ment and execution, any condition, covenant, or

agreement to the contrary notwithstanding; but

Be construed

nothing herein contained shall be construed to ex-

empt the said corporation, or the lands, tenements

goods and chatties of the same, from being also liable

for, and chargeable with the said excess ; and such

of the said directors who may have been absent when

the said excess was created, or who may have dis-

sented from the resolution or act, .whereby the same

May exonerate

was created, may respectfully exonerate themselves

from being bo liable, by forthwith giving notice of

the fact, and of their absence or dissent, to the stock-

holders at a general meeting which they shall have

the power to call for that purpose.

SEC. 15. And be it enacted, That the bank shall not

deal or trade in anything except bills of exchange,

Shall not deal
or trade.

promissory notes and bullion, or in the produce of

their lands, or of such goods and effects as shall have

been bona fide pledged or mortgaged to it, by way of

security, or conveyed to it in satisfaction of debts

contracted in the course of its dealings, or purchased