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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3657   View pdf image (33K)
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798

LAWS OF MARYLAND.

 

or other stocks owned by the corporation; said

 

statements to be furnished once in each year, and to-

 

show the condition of the corporation in the said

 

particulars as they may appear at the close of the

 

business transactions of the day in settlement thereof

 

on the first Monday of January; and the said corpo-

 

ration shall publish said statement so made to the

 

treasurer, in one newspaper, published in the town

 

of Centreville, such statement, in all cases, to be

 

verified by the oath or affirmation of the president

 

or cashier of said corporation.

Lawful to issue

SEC. 13. And be it enacted, That it shall be lawful

notes.

for the said corporation to issue notes, usually de-

 

nominated bank notes, to an amount not at any time

 

exceeding the amount of its capital stock actually

 

paid in ; and no note shall be issued of a less amount

Denomination.

or denomination than one dollar, nor of any amount

 

intermediate between five and ten dollars ; and the

 

General Assembly may at any time restrict the issue

 

of such notes, both in the amount which may be

 

issued and in the denomination of notes; but thia

 

section shall not be construed as compulsory on said

 

corporation to issue such bank notes if the directors

 

should at any time deem it advisable.

 

SEC. 14. And be it enacted, That the president, each

Oath or affir-

director and cashier, before entering upon the duties

mation.

of his office shall take the following oath or affirm-

 

ation, as the case may be : " I, do solemnly swear

 

(or affirm) thatl will faithfully, impartially, diligently

 

and honestly execute the duties of ———— agreeably

 

to the provisions of the law, and the trust reposed in

 

me to the best of my skill and judgment; " said

 

oath or affirmation to be taken before any justice of

 

the peace, or other person having authority under

 

the laws of this State to administer oaths, and to

 

be made in writing, signed by the affiant, and filed

 

among the archives of the bank.

Debts limited.

SEC. 15. And be it enacted, That the total amount of

 

the debts which the said corporation shall at any time

 

owe, exclusive of its issues or notes, whether by bill,

 

bond, note or contract, shall not exceed the amount

 

of the capital stock actually paid in; provided, that

 

money deposited in the bank for safe keeping shall

 

not be considered as debts of the bank within the



 
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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3657   View pdf image (33K)
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