1835.

LAWS OF MARYLAND.

AET. 5. The issues or notes, usually denominated

CHAP. 313.

bank notes, which it shall be lawful for the said cor-

Limit to issue

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.

Oath

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

faithfully, impartially, diligently and honestly, exe-

cute the duties of agreeably to the provisions

of law, and the trust reposed in me, to the best of my

skill and judgment.

Debts

ART. 7. The total amount of the debts which the

said corporation shall at any time owe, exclusive of its

issues or notes, visually denominated bank notes, whe-

ther by bond, bill, note or other contract, shall not ex-

ceed the amount of the capital actually paid into the

Proviso

said bank; Provided, that the money deposited, in the

said bank for safe keeping, shall not be considered as the

debts of the bank, within the provisions of this clause,

unless the contracting of a greater debt shall have

been previously authorised by a law of this State,

Liability of Direc-

and in case of excess, the directors under whose ad-

tors, &c.

ministration it shall happen, shall be liable for the

same, in their natural and private capacities, and an

action may in such case be brought against them, or

any of them, or their heirs, executors or administrators,

in any court of record of this State, by any creditor

op creditors of the said corporation, and may be pro-

secwted to judgment and execution, any condition, co-

venant or agreement, to the contrary notwithstanding,

Corporation still li-able

but nothing herein contained shall be construed to ex-

empt the said corporation, or the lands, tenements,

goods and chattels of the same from being so liable

for, and chargeable with, the said excess; and such

of the said directors who may have been absent

when the said excess was created, or who may have

dissented from the resolution or act whereby the same

Exoneration

was created, may respectively exonerate themselves

from being so liable, by forthwith giving notice of the