1835.

LAWS OF MARYLAND.

CHAP. 289

bank as shall appear to the president and directors

advisable, and such dividends shall be declared in the

Liability of Direc-

months of June and December, and b« paid in the

tors

months of July and January; and if the directors shall

at any time wilfully and knowingly, make or declare

any dividend which shall impair the capital stock, all

the directors present at the making or declaring of

such dividend, and consenting thereto, shall be liable

in their individual capacities to the corporation, for

the amount or proportion of the said capital stock so

divided by the directors, and each director who shall

be present at the making or declaring of such divi-

dend, shall be deemed to have consented thereto, un-

less he shall immediately enter his dissent, in writing,

on the minutes of the proceedings of the board, and

give public notice to the stockholders that such divi-

dend has been declared.

Emoluments to di-rectors

ART. 11. No director shall be entitled to receive

any emolument for his services, unless the same shall

have been allowed at a general meeting of the stock-

holders, but the directors shall make such compensa-

tion to the president, for his extraordinary attendance

at the bank, as shall appear to them reasonable.

Meeting of stock. holden

ART. 12. That the commissioners above named, until

said bank shall be organized or thereafter the president

and directors of this bank, may at any time call a gen-

eral meeting of its stockholders, for any purpose rela-

tive to the institution, giving at least four weeks notice

in two or more daily newspapers in the city of Balti-

more; and any number of stockholders not less than

fifty, who together shall be proprietors of five thousand

shares, may at any time apply to the said president and

directors to call a general meeting of the stockholders,

fop any purpose relative to the institution, and if the

president and directors shall refuse to call such meeting.

the said number of stockholders, proprietors of not less

than the aforesaid number of shares, shall have power

to call a general meeting of the stockholders, giving

at least six days previous notice in two or more daily

newspapers, in the city of Baltimore, and specifying in

such notice the objects of such meeting; and it is hereby

made the duty of the president and directors of said