THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

And forthwith return the surplus on application for the

CHAP. 318

same, to the persons lawfully entitled thereto.

Sec 10. And be it enacted, That when the State:

State directors

shall become a stockholder to the amount of thirty

thousand dollars, it shall be entitled to appoint two

directors, to be chosen by joint ballot, by the Senate

Chosen by joint ballot

and House of Delegates, which State directors shall be

only entitled to hold their seats for one year after their

For one year

appointment, unless re-elected.

SEC. 11. And be it enacted, That all notes offered for

Notes to be made

discount in said bank, shall on the face thereof he

negotiable at the Farmers and

made negociable and payable at the Farmers' and

Miller Bank

Millers' Bank of Hagerstown, and when the drawer

shall not reside in Hagerstown, such note shall he made

payable at the house of some person in Hagerstown, or

at the bank, and notice given by the proper officer of the

Of the notice

bank at such house, that such note hath become due,

shall be, to all intents and purposes, held and consider-

ed to be completely binding on the drawer and endor-

sers, as if notice bad been personally served on each of

them; or notes discounted by the said hank, may be

made payable directly to the bank, and signed by the

parties as principals; and in the calculation of inter-

Calculate interest

est, on all loans or discounts made by said bank, it

according to Rowlett

shall and may be lawful for said hank, to make the

same according to Rowlett's tables of discount or in-

terest; and it shall be lawful for said hank to demand

and receive the interest on said loans or discounts in

advance.

SEC. 12. And be it enacted, That the president and

Power to make by-

directors for the time being, may make all such rules,

laws, &c.

orders, by-laws and regulations for the government of

the said corporation, its officers and servants, as they

or a majority of them, from time to time, shall think

jit, not inconsistent with law or the provisions of this

act, and may at their pleasure revise, alter and annul

the same, and they may use, employ and dispose of the

funds, money and credit of the said hank, as they or a

majority of them may deem expedient, subject however,

Books, &c. subject

to the restrictions and limitations hereinafter mention-

to inspection o f directors

ed; and the books, papers, correspondence and funds