THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

ARTICLE 9. Half yearly dividends shall be made to

CHAP. 251.

the stockholders of so much of the net profits of the

Dividends

Bank as shall appear to the President and Directors

advisable, and such dividends shall be declared in the

months of June and December, and be paid in the

months of July and January; and if the Directors

Liability in case of

shall at any time wilfully and knowingly, make or

improper

declare any dividend which shall impair the capital

stock, all the directors present at the making or de-

claring of such dividend, and consenting thereto, shall

be liable in their individual capacities to the corpora-

tion, for the amount or proportion of the said capital

stock so divided by the Directors, and each director,

who shall he present at the making or declaring of

such dividend shall be deemed to have consented there-

to, unless he shall immediately enter his dissent, in

writing, on the minutes of the proceedings of the

hoard, and give public notice to the stockholders that

such dividend has been declared.

ARTICLE 10. No Director shall be entitled to re-

Compensation to

ceive any emolument for his services, unless the same

P, and directors

shall have been allowed at a general meeting of the

stockholders; and the Directors shall make such com-

pensation to the President, for his extraordinary at-

tendance at the Bank, as shall appear to them reason-

able.

ARTICLE 11. The company above named, until said

General meetings

bank shall be organized, or thereafter, the president

and directors of said bank, may at any time call a ge-

neral meeting of the stockholders for any purpose re-

lative to the institution, giving thirty days notice in

the newspapers heretofore mentioned; and if at any

time stockholders owning one-birth of the stork re-

quest a call as above to bo made, and the same shall be

refused or neglected, they shall have power, on giving

the same notice, to make such call, and any ten stock-

holders may require a full list of al! the stockholders

to be exhibited to them.

ARTICLE 12. Every cashier or treasurer, before he

Bonds required

enters upon the duties of his office, shall be required to

give bond, with two or more sureties, to the satisfac-

39