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Session Laws, 1835
Volume 214, Page 490   View pdf image (33K)
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THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1835.

ART. 3. No director of any other bank, in Baltimore

CHAP. 315.

shall be at the same time a director of this bank, and once

No director of ano-

in each year the directors shall lay before the stockhol-

ther bank eligi-

ble

ders at a general meeting, for their information, an

 

exact and particular statement of the debts, which shall

Statement

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-

the time being, shall be furnished once every year,

surer W. Shore

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 deposited

 

therein, of the notes in circulation, of the cash and pro-

 

perty on 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

No inspection of

nothing herein contained shall be construed to imply

private accounts

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 said opinion.

 

ART. 5. The issues or notes, usually denominated

Limit of issues

bank notes, which it shall be lawful for 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.

 

ART. 6. The president, each director, cashier or

Oath

treasurer, before he enters upon the duties of his office,

 

shall take the following oath or affirmation, as the case

 

maybe: 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.

 

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

Debts

said corporation shall at any time owe, exclusive of its

 

issues or notes, usually denominated bank notes, whe-

 


 
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Session Laws, 1835
Volume 214, Page 490   View pdf image (33K)
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