THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

periods, bearing an interest not exceeding three per

CHAP. 317.

centum per annum.

ART. 5. 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

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.

ART. 6. The total amount of the debts which the

Debt!s

said corporation shall at any time owe, exclusive, of its

issues or notes, usually denominated bank notes, whe-

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

ceed the actual [amount of the] capital unless the

contracting of a greater debt shall have been pre-

viously authorised by a law of this State, Provi-

Proviso

ded, that the money deposited In the said bank

for safe keeping, shall not be considered as the debts

of the hank, within the provisions of this clause,

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

Liability of Direc-

ministration it shall happen, shall be liable for the

tors

same, in their natural and private capacities, and aa

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

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

secuted to judgment and execution, any condition, co-

venant or agreement, to the contrary notwithstanding,

but nothing herein contained shall be construed to ex-

Corporation not

empt the said corporation, or the lands, tenements,

exempt

goods, chattels and effects of the same from being also

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

Exoneration

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 was crea-

ted, may respectively exonerate themselves from be-

ing so liable, by forthwith giving notice of the fact,

and of their absence or dissent, to the governor of

the State, and to the stockholders, at a general

meeting which they shall have power to call for that pur-

pose; and provided, nothing herein contained, shall be