1835.

LAWS OF MARYLAND.

CHAP 298.

tually resident within the United States, and none

other, may vote at elections by proxy.

Eligibility

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

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

and every president or 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.

Eligibility of Director

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

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

year the directors shall lay before the stockhol-

ders at a general meeting, for their information, an

Statement

exact and particular statement of the debts, which shall

have remained unpaid after the expiration of the ori-

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

ing losses and dividends.

Statement to Trea-surer W. Shore

ART. 4. The Treasurer of the Western Shore for

the time being, shall be furnished once every year,

or oftener 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

in hand, and of the profits made; and shall have a

right to inspect such general accounts in the books

of the bank, as shall relate to said statement, but

nothing herein contained shall be construed to imply

a right of inspecting the account of any private in-

dividual 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 to 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 five dollars.

path

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