1835.

LAWS OF MARYLAND,

public notice be given of such demand by the presi-

CHAP. 298.

dent and directors, through all the daily newspapers

published in the eity of Baltimore.

President and Di-

SEC. 6. And be it enacted, That until an election.

rectors

of directors, and appointment of a president shall he

made as is hereinafter provided, the business of the

said bank shall be conducted by the president and direc-

tors for ths time being, of the institution aforemention-

ed, who shall be the first president and directors of the

said bank, and who, as such, may exercise the powers

conferred, and shall perform the duties imposed by this

act on the president and directors of said hank, re-

spectively, until successors shall be duly chosen; and

the affairs of the said bank from and after the first

Monday of the month of April, in the year eigh-

teen hundred and thirty-seven, shall be conducted by

Pres.and Directors to be elected

a president and ten directors, and the said direc-

tors shall be elected on the day last mentioned, and on

the same day annually thereafter by the stockholders,

twenty days notice being previously given, in two or

more daily newspapers, printed in the eity of Balti-

more, of the time and place within said city, for pro-

ceeding to such election, and the persons who shall

from time to time b'c so elected, shall convene without

delay, and at their first meeting after their election,

shall proceed to appoint a president, and the said di-

rectors and president shall be capable of serving in

their respective offices, until the expiration of the first

Monday of April, in the year next ensuing their elec-

tion and appointment, and until successors shall be

Failure to elect on day

chosen, and in case it should at any time happen that

an appointment of president or election of directors of

the said bank should not be made so as to take effect on

any day when in pursuance of this act, the same should

take effect, the corporation shall not for that cause be

deemed to be dissolved, but it shall be lawful at any

other time within thirty days thereafter, to make such

election and appointment in such manner as shall be

directed and provided by the ordinances of the corpo-

Vacancy

ration; and in case of the death, resignation, removal

out of the State, or other disqualification of the presi-

dent or any director of the said corporation, the vacan-