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25. Banking associations, how formed
existing banks.
26. Powers granted.
27. Capital stock in city of Baltimore .
certified to comptroller.
28. Capital stock in state: certified to
comptroller.
29 Board of directors, vacanny.
30. Number of directors, their qualifica-
tions.
31. Articles of constitution.
I. Votes of stockholders.
II. Directors must be stockholders.
III. No one to be a director in two banks:
annual statement to stockholders.
IV. Semi-annual statement to state trea-
surer to be published, verified by affida-
vit.
V. Amount of issue.
VI. Oalh of officers.
VII Debts not to exceed capital proviso,
in cases of excess, directors personally lia-
ble, unless they give notice.
VIII Quorum for transaction of business.
IX. Dividends. directors liable, unless
they give notice.
X. No emolument to directors, pay of
president.
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XI. General meetings how called.
XI I. Cashier, &c., to give bond.
XIII. What real estate may be held : pro-
viso.
XIV. What bank may deal m; proviso as
to temporary investments.
XV. Bills, &c., signed by president bind-
ing without seal negotiable and assigna-
ble.
XVI. Shares transferable.
XVII'. To whom loans shall not be made :
capital stock deemed personal estate.
XVIII. Public notice ol annual election.
XIX. Oath of stockholder before voting :
vote by proxy oath : proviso.
XX In what funds to make payments.
XXI Tax on capital stock for free school
fund how collected and charged.
32. In case of non-payment of notes, &c.,
by bank. Interest may bo recovered.
33. Rights of creditors.
34. Distribution of assets in case of sus-
pension.
35. Stockholders liable to the amount of
their stick.
36. Existing banks may avail themselves
of these provisions.
37. Suspension of business.
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