THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

fecribers, nor shall any of said issues or notes be for a

CHAP. 287.

less sum than five dollars.

ART. 6. The president, each director, cashier or

Oath

treasurer, before he enters upon the duties of his office

shall take the following oath or affirmation, as the case

may he: I, do swear or affirm, that I

will faithfully, impartially, diligently and honestly,

execute the duties of agreeably to the

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

best of my skill and judgment.

ART. 7. The total amount of the debts which the said

Debts

corporation shall at any time owe, exclusive of its

issues or notes, usually denominated bank notes, whe-

ther by bond, bill, note or other contract, shall not ex-

ceed the amount of the capital actually paid into the

said bank; Provided, that the money deposited in the

Proviso

said bank for safe keeping, shall not be considered as

the debts of the bank, within the provisions of this

clause, unless the contracting of a greater debt shall

have been previously authorised by a law of this State:

and in case of excess, the directors under whose admi-

Liability of Direc-

nistration it shall happen, shall be liable for the same,

tors

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 administrators, in

any court of record of this State, by any creditor or

creditors of the said corporation, and may be prosecu-

ted to judgment and execution, any condition, covenant

or agreement to the contrary notwithstanding; but no-

thing herein contained, shall be construed to exempt

the said corporation, or the Lands, tenements, goods

and chattels of the same, from being also liable for,

and chargeable with, the said excess, and such of the

Method of exone-

said directors, who may have been absent when the

ration

said excess was created, or who may have dissented

from the resolution or act whereby the same was crea-

ted, may respectively exonerate themselves from being

so liable, by forthwith giving notice of the fact, and of

their absence or dissent, to the governor of the State,

and to the stockholders at a general meeting which

they shall have power to call for that purpose: and pro-

43