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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3656   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 797

the aggregate amount of said special or trust deposits

 

shall not at any time exceed the capital stock of said

 

bank.

 

SEC. 9. And be it enacted, That whenever any de-

 

posit shall be made by a minor or married woman,

Deposits.

such deposit shall be received or held and paid out

 

on precisely the same terms and conditions as those

 

of adult male or adult unmarried female depositors ;

 

and the directors of said bank may, at their discre-

 

tion, pay to such minor, or feme covert depositor, such

 

sum or sums of money as may be due to him or her;

 

and the check, receipt or acquittance of such minor

 

or feme covert shall be valid, any law of this State to

 

the contrary notwithstanding.

 

SEC. 10. And be it enacted, That in all elections for

Voting.

directors of said bank, every stockholder shall be

 

entitled to one vote for every share that he, she or

 

it, or they may hold, to the number of not exceed-

 

' ing twenty shares, and to one vote for every addi-

 

tional two shares ; a plurality of the votes cast shall

 

be sufficient to elect, and the stockholders may vote

 

either in person or by proxy ; but no share of stock

 

shall entitle any holder to a vote which shall not

 

have been holden two calendar months previous to

 

the day of election.

 

SEC. 11. And be it enacted, That it shall be the

 

duty of the directors to lay before the stockholders

Duty of the
directors

of said corporation once in each year, at a general

 

meeting, for their information, an exact statement of

 

the financial condition and affairs of the bank, of the

 

debts which shall have remained unpaid after the

 

expiration of the original credit, and the surplus

 

profits if any, after deducting losses and dividends.

 

SEC. 12. And be it enacted, That the board of di-

 

rectors shall cause to be furnished to the Treasurer

 

of the State, statements of the amount of the capital

Furnish state-
ments

stock of the corporation, and of the debts due to and

 

from the same, specifying those due to and from

 

other banks, of the moneys deposited therein, of the

 

notes (if any,) in circulation, of the cash on hand,

 

specifying the amount of coin and of notes of other

 

banks, of the value of the real estate held by the

 

corporation, and of the amount and value of public

 


 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3656   View pdf image (33K)
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