1835.

LAWS OF MARYLAND.

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

CHAP. 313

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-

cy thereby occasioned shall be filled by the directors

for the time being, appointing a president or electing

a director, as the case may be.

Appoint officers

SEC. 7. And be it enacted, That the president and

directors for the time being, shall have power to ap-

point a cashier or treasurer, and such other officers and

servants under them, as may he necessary for execut-

ing the business of the said corporation, and to allow

them such compensation for their services respectively

as shall be reasonable.

Powers as to rules

SEC. 8. And be it enacted, That the President and

Directors, for the time being, may make all such rules,

orders, by-laws and regulations for the government of

the said corporation, its officers and servants, as they,

or a majority of them, from time to time shall think fit,

not inconsistent with law or the provisions of this act,

and may at their pleasure, revise, alter and annul the

same; and they may use, employ and dispose of the

funds, money and credit of the said bank, as they or a

majority of them, may deem expedient, subject however

to the restrictions and limitations hereinafter men-

tioned.

Rules

SEC. 9. And be it enacted, That the following rules,

restrictions, limitations and provisions shall form and

be fundamental articles of the constitution of the said

corporation, viz: —

Votes

ARTICIE 1. The number of votes to which each

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 and not exceeding ten, one vote; for ev-

ery four shares above ten and not exceeding thirty, one