1835.

LAWS OP MARYLAND.

said bank for safe keeping, shall not be considered as

CHAP. 251.

the debts of the bank within the provisions of this

Personal responsibility for viola-

clause: and in case of excess, the directors under whose

tion

administration it shall happen, shall be liable for the

same, in their natural and private capacities, and an

action may in such case, be brought against them or

any of them, or their heirs, executors or administra-

tors, in any court of record, of this State, by any cre-

ditor or creditors of the said corporation, and may

be prosecuted to judgment and execution, any con-

dition, covenant or agreement to the contrary not-

Corporation also liable

withstanding, hut nothing herein contained shall be

construed to exempt the said corporation, or the

lands, tenements, goods, chattels and effects 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 crea-

ted, or who may have dissented from the resolution or

act, whereby the same was created, may respectively

Method of exon-eration

exonerate themselves from being so liable by forthwith.

giving noticeof the. fact, and of their absence or dis-

sent, to the Governor of the State, and to the stock-

holders at a general meeting, which they shall have

Intermit on deposites prohibited.

power to call for that purpose; and provided, that nothing herein contained shall be so construed as to con-

fer the power upon the President and Directors to pay

interest upon monies deposited in said institution.

Quorum

ARTICLE 7. The President and five Directors shall

constitute a board for the transaction of business, but

ordinary discounts may he made as the by-laws shall

President P. T

provide, and in case of the sickness or necessary ab-

sence of the President, a President pro tempore may

be appointed.

Specie capital re-

ARTICLE 8. It shall not be lawful for the said Pre-

quirt d, &c.

sident and Directors to make any discounts, nor to

issue any notes of said corporation until the one fifth

of the sum subscribed, in gold and silver coin, shall

Lave been paid to and be in their possession as part of

its capital stock, and the same shall have been certified

to the Treasurer of the Western Shore of Maryland,

by such persons as he shall appoint to ascertain and

report the fact.