THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

ART. 11. The president and directors may discount

CHAP. 318.

notes or bills, at any length of time not exceeding six

May discount for

months.

any time not ex-ceeding six mo-

ART. 12. No loan shall be made by the said corpo-

Limit of loans to

ration for the use or on account of this State, or of the

Stale, &c.

United States, or of any particular State, to an

amount exceeding the sum of fifty thousand dollars, or

to any foreign prince or State whatever, without the

previous consent of the legislature of this State.

ART. 13. The president and five directors shall

President and 5

constitute a board for the transaction of business, but

Directors a board

ordinary discounts may be granted as the by-laws may

direct.

ART. 14. In case of sickness or necessary absence

President pro. tem.

of the president, his place may be supplied by a direc-

how appointed

tor to be appointed president pro tempore, by the pre-

sident, by writing under his hand, or in case of his in-

ability or omission to make the appointment, by the di--

rectors for the time being.

ART. 15. In case of the death, disqualification, re-

In caw of death, &c. of President,

signation or removal out of Washington county of the

Directors to elect

president, the directors shall meet as soon as can be

thereafter, and elect another person for president for

the residue of the year.

ART. 16. No director shall be entitled to receive

As to emoluments of director

any emolument for his services as a director, unless

the same shall have been allowed at a general meeting

of the stockholders, and the directors shall make such

compensation to the president for his extraordinary

attendance at the bank, as shall appear to them neces-

sary.

ART. 17. The president and directors may call a

Meeting of stock-

general meeting of the stockholders, for any purpose

holders may be called by propri-

relative to the institution, giving at least six weeks

etors of 30 shares

notice in the several newspapers printed in Washing-

ton county, and in two daily newspapers printed in the

city of Baltimore, specifying in such notice the object

or objects of such meeting; and any number of stock-

holders, not less than thirty, who together shall be pro-

prietors of not less than five hundred shares, may at

any time apply to the president and directors to call a

general meeting of the stockholders for any purpose