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Session Laws, 1835
Volume 214, Page 389   View pdf image (33K)
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1835.

LAWS OF MARYLAND.

CHAP. 289

shall have a right to inspect such general accounts in

 

the books of the bank, as shall relate to their state-

 

ment, but nothing herein contained shall be construed

 

to imply a right of inspecting the account of any pri-

 

vate individual or individuals with the bank, nor shall

 

such general statement and power of inspection be used

 

for any other purpose, than to enable him to form, and

 

when required, to communicate to the Legislature a.

 

just opinion of the state of the institution, with the

 

grounds of such opinion.

Limit of issue

ART. 5. The issues or notes, usually denominated

 

bank notes, which it shall be lawful for the said cor-

 

poration to issue, shall not at any time exceed the

 

amount of its capital stock actually paid in by the sub-

 

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

 

less sum than fire dollars.

   

Oath

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

 

treasurer, before he enters upon the duties of his office,

 

shall take the following oath or affirmation, as the case

 

may be: I, do swear or affirm, that I will

 

faithfully, impartially, diligently and honestly, exe-

 

cute the duties of agreeably to the provisions

 

of law, and the trust reposed in me, to the best of my

 

skill and judgment.

Debts

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

 

said corporation shall at any time owe, exclusive of its

 

issues or notes, usually denominated bank notes, whe-

 

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

 

ceed the amount of the capital actually paid into the

 

said bank, unless the contracting of a greater debt

 

shall have been previously authorised by a law of this

 

State; Provided, that the money deposited in the said

 

hank for safe keeping, shall not be considered as the

 

debts of the bank, within the provisions of this clause:

Inability of Direc-

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

tors, &c.

ministration 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 administrators,

 

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

 

or creditors of the said corporation, and may be pro-

 

secuted to judgment and execution, any condition, co-



 
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Session Laws, 1835
Volume 214, Page 389   View pdf image (33K)
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