1835.

LAWS OF MARYLAND.

CHAP. 318.

of the corporation, shall at all times be subject to the

inspection of the hoard of directors.

Rules

SEC. 13. And be it enacted, That the following rules,

restrictions, limitations and provisions, shall form and

be the fundamental articles of the constitution of the

said corporation, to wit:

Votes

ARTICLE 1. The number of votes to which each

stockholder shall he entitled shall be according to the

number of shares he or she shall hold, in the propor-

tion following, to wit: — for one share and not more

than two shares, one vote each; for every two shares

above two and not exceeding ten, one vote; for every

four shares above ten and not exceeding thirty, one

vote; for every six shares above thirty and not exceed-

ing sixty, one vote; for every eight shares above sixty

and not exceeding one hundred, one vote; and for every

ten shares above that number, one vote; but no person

or body politic shall be entitled to a greater number

than thirty votes, and no share or shares shall confer

a right of suffrage which shall not have been holden

two calender months previous to the day of election;

stockholders actually resident within the United States,

and none other, may vote by prosy at elections; and no

officer or director of said hank shall he permitted to

vote either directly or indirectly, as the proxy of any

stockholder in any case whatever.

Eligibility of of-

ART. 2. None but a stockholder, being a citizen of

ficers

the United States, and residing within the State of

Maryland, except the directors appointed on the part

of the State, shall he eligible as a director or president,

and every director or president shall cease to be such

upon his ceasing to be a stockholder, or to reside in

Washington county.

Eligibility of di-

ART. 3. No director of any other bank shall be a

rectors

director of this bank, nor shall any person be a director

in this bank who is a partner in trade with a director

of any other hank, and no rule or regulation shall en-

title a director, by virtue of his office, to any preference

in obtaining loans or discounts in said bank on terms

different from those prescribed for other persons; and

once in each year the directors shall lay before the

stockholders, at a general meeting, for their informa-