20

BANKS. [ART. 12.

Ibid. s. 7.

31. The following rules, restrictions, limitations and

Articles of con-
stitution.

provisions shall form and be fundamental articles of
the constitution of each of the said corporations, viz :
ART. 1. Every stockholder shall be entitled to one

Votes of stock-
holders.

vote for every share which he, she, it, or they may
hold to the number of not exceeding ten shares, and
to one vote for every additional two shares, to the
number of not exceeding one hundred shares in all,
and to one vote for every additional five shares there-
after ; but no share of stock shall entitle any holder
to a vote which shall not have been holden four
calendar months previous to the day of election ; and
stockholders actually resident within the United States
and none others, may vote at elections by proxy.

Directors must
be stockhold-
ers.

ART. 2. None but a stockholder, being a citizen of
this state, shall be eligible as a director or president,
and every president or director, as the case may be,
shall cease to be a director or president upon his
ceasing to be a citizen of this state or stockholder.

No one to be a
director in two
banks.

ART. 3. No director of any one of the said corpora-
tions shall be at the same time a director of any other
bank in, this state; and once in each year the directors
shall lay before the stockholders of each of said cor-
porations, at a general meeting for their information,

Annual state-
ment of stock-
holders.

an exact and particular statement of the debts which
shall have remained unpaid after the expiration of the
original credit and the surplus profits, if any, after
deducting losses and dividends.
ART. 4. The treasurer of this state shall be fur-
nished with statements of the amount of the capi-
tal stock of the corporation, and of the debts due to

Semi-annual
statement to
state treasurer.

and from the same, specifying those due to and from
other banks, of the moneys deposited therein, of the
notes in circulation, of the cash on hand, specifying
the amounts of coin, and of the notes of other banks,
of the value of the real estate held by the corporation,
and of the amount and value of public or other stocks
owned by the corporation; said statement to be fur-
nished twice in each year, and to show the condition
of the corporation in the said particulars, as they may