THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

vote; For every six shares above thirty and not ex-

CHAP. 313.

ceeding sixty, one vote; For every eight shares above

sixty and not exceeding one hundred, one vote; and for

every ten shares above that number, one vote; but no

person or body politic shall be entitled to a greater num-

ber than sixty votes, and no share or shares shall

confer a right of suffrage after the first election which

shall not have bean holden four calendar months pre-

vious to the day of election; and stockholders ac-

tually resident within the United States, and none

others, may vote at elections by proxy.

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

Eligibility of Di-

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

rector or Pres.

and every president or director, as the case may he,

shall cease to be a director or president upon his ceas-

ing to be a citizen of this State or stockholder.

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

Eligibility

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.

ART. 4. The Treasurer of the Western Shore for

Statement to Trea-surer W. Store

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 hooks

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

Private account no to be inspected

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.

59