THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

United States, or any particular State, to an amount

CHAP. 320.

exceeding the sum of fifty thousand dollars, or to and

foreign Prince or State whatever, without the previous

consent of the Legislature of this State.

ART. 9. The president and four directors shall con-

Board

stitute a board for the transaction of business; but or-

dinary discounts may be done by the president and

three directors.

ART. 10. In case of sickness or necessary absence

President pro tem

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

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

sident, or in case of his inability or omission to make

the appointment, by the directors for the time being.

ART. 11. In case of death, disqualification, resig-

Removal of presi-

nation or removal, at a distance of more, than seven

dent

miles from Savage, of the president, the directors

shall meet as soon as can be thereafter, and elect anoth-

er person for president for the residue of the year.

ART. 12. No director shall be entitled to receive any

No emolument to

emolument for his services as director, unless the same

directors

shall have been allowed at a general meeting of the

stockholders.

ART. 13. The president and directors may call a

Meeting of stock-

general meeting of the stockholders for any purpose

holders

relative to the institution, giving at least six weeks'

notice, in one or more newspapers printed in the cities

of Baltimore and Annapolis, specifying in such notice

the, object or objects of such meeting; and any number

of stockholders, not less than thirty, who together

shall be proprietors 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,

giving at least sixty days' notice, in one or more of

the newspapers printed in the cities of Baltimore and

Annapolis, and specifying in such notice the object or

object of such meeting.

ART. 14. The dividend or profits of said corpora-

Dividends

tion, or so much of the said profits as it shall be deem-

ed expedient and proper to divide, shall be declared

half yearly in the months of May and November, and

payable in the months of June and December, in every

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