1835.

LAWS OF MARYLAND.

CHAP. 320

thereafter to be appointed, .shall manage the affairs of

said bank; each subscriber voting at the said election

upon his stock, upon the ratio hereinafter prescribed,

Proviso

as to all elections or votes of the stockholders; Provi-

ded always, that five of the persons elected as directors

shall reside without the limits of the city of Baltimore,

which said five, together with the two others having

the greatest number of votes, shall constitute the board

Annnal statement to the T. W. S.

of directors of said bank. The Treasurer of the Wes-

tern Shore, for the time being, shall be furnished once

every year or oftener if required, with statements of

the amount of the capital stock of the said corporation

and of the debts due to and from the same, cf the mo-

nies deposited therein, of the notes in circulation, of

the cash in hand, and of the profits made, and shall

have a right to inspect such general accounts in the

books of the bank as shall relate to said statement, but

nothing herein contained shall be construed to imply a

right of inspecting the accounts of any private indi-

vidual or individuals with the bank, nor shall such

general statement and power of inspection be used for

any other purpose than to enable him to form, and

when required, to communicate to the Legislature a

just opinion of the state of the institution, with the

grounds of such opinion.

First payments

SEC. 5. And be it enacted, That every subscriber

shall pay to the above named commissioners, who shall

attend for opening the books, at the time of subscrib-

ing for the same, the sum of tive dollars on each share

Other payment

that shall be by him or her subscribed; and each sub-

scriber shall within sixty days thereafter pay the fur-

ther sum of five dollars on each share; and the remain-

ing sum of fifteen dollars on each share shall be paid

by such instalment, and at such times as the, directors

shall appoint, upon giving not less than three months

notice of such demand, in one or more papers publish-

ed in the cities of Baltimore and Annapolis; and re-

ceipts shall be given for the several payments so made;

hut when a subscriber shall have paid the sum of ten

Certificate

dollars on each share, such subscriber shall be entitled

to receive a certificate under the seal of the bank, and

subscribed by the president, for the number of shares

by him or her held.