THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

be fundamental articles of the constitution of the said

CHAP 289.

corporation, viz: —

ARTICLE 1. The number of votes to which each

Votes

stockholder shall be entitled, shall be according to the

number of shares he shall hold in the proportions fol-

lowing, that is to say: — For one share and not more

than two shares, one vote each; For every two shares

above two shares and not exceeding ten, one vote; for ev-

ery four shares above ten and not exceeding thirty, one

vote; For every six shares above thirty and not ex-

ceeding sixty, one vote; For every eight shares above

sixty and not exceeding one hundred, one vote; and for

every ten shares above that number, one vote; but no

person or body politic shall be entitled to a greater num-

ber than sixty votes, and that no share or shares shall

confer a right of suffrage, which shall not have been

holden four calendar months previous to the day of

election; and that stockholders actually resident within

the United States, and none other, may vote at elec-

tions or in general meetings by proxy.

ART. 2. None but a stockholder, being a citizen of

Eligibility

this State, shall be eligible as a director or president,

and every president and director, as the case may be,

shall cease to be a director or president upon his ceas-

ing to be a citizen of this State or stockholder, and

not more than twelve directors in office, shall be eligi-

ble for the next succeeding year.

ART. 3. No director of any other bank, shall be at

Eligibility of Di-

the same time a director of this bank, and once in each

rector

year the directors shall lay before the stockhol-

ders at a general meeting, for their information, an

exact and particular statement of the debts, which shall

Statement

have remained unpaid after the expiration of the ori-

ginal credit, and the surplus profit, if any, after deduct-

ing losses and dividends.

ART. 4. The Treasurer of the Western Shore for

Statement to Trea-

the time being, shall be furnished once every year,

surer W. Shore

or ofteaer if required, with statements of the amount

of the capital stock of the said corporation, and of the

debts due to and from the same, of the monies de-

posited therein, of the notes in circulation, of the cash

and property on hand, and of the profits made; and