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CHAP. 317.
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amongst the stockholders, in. proportion to the amount .
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of their respective number of shares in the capital
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stock of the said bank.
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Rules
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SEC. 18. And be it enacted, That the following rules,
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restrictions, limitations and provisions shall form and
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be fundamental articles of the constitution of the said
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corporation: —
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Eligibility
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ART. 1. None but a stockholder, being a citizen of
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this State, shall be eligible as a director or president,
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and every president or director, as the case may be,
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shall cease to be a director or president upon his ceas-
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ing to be a citizen of this State or stockholder.
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No director of ano-ther bank eligi-
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ART. 2. No director of any other bank, shall
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ble
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be at the same time a director of this bank, and once
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in each year the directors shall Jay before the stockhol-
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ders at a general meeting, for their information, an
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Statement
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exact and particular statement of the debts, which shall
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have remained unpaid after the expiration of the ori-
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ginal credit, and the surplus profit, if any, after deduct-
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ing losses and dividends.
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Sjatement to Treasurer W. Shore
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ART. 3. The Treasurer of the Western Shore for
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the time being, shall be furnished once every year,
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or oftener if required, with statements of the amount
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of the capital stock of the said corporation, and of the
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debts due to and from the same, of the monies deposited
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therein, of the notes in circulation, of the cash and pro-
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perty on hand, and of the profits made; and shall have
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a right to inspect such general accounts in the books
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of the bank, as shall relate to said statement, but
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No inspection of private accounts
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nothing herein contained shall be construed to imply
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a right of inspecting the account of any private in-
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dividual or individuals with the bank, nor shall such
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general statement and power of inspection be used
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for any other purpose, than to enable him to form a
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just opinion of the state of the institution.
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Limit of issues
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ART. 4. The issues or notes, usually denominated
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bank notes, which it shall be lawful for the said cor-
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poration to issue, shall not at any time exceed the
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amount of its actual capital stock nor shall any of said
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issues or notes be for a less sum than five dollars, and
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in cases of loans on mortgages, the said notes may if
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desired by the mortgager, be issued payable at deferred
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