ART. 43. ] BANKS, NATIONAL AND STATE.

375

State, or other disqualification of any director, or of the president of
the said bank, the vacancy thereby occasioned may be filled by the
directors for the time" being, electing a director, or appointing a
president, as the case may be, for the balance of the time.

Vacancy

11, The affairs of the several and singular corporations herein
provided for shall be managed by a president and directors in each
of said corporations, and the number of directors in any of the said
corporations shall not be greater than seven, nor less than five, and
the number of directors in any of said corporations maybe changed
by the stockholders from time to time, within the limits as to num-

Id s 6
Number of
directors

ber aforesaid, and no person shall be a director in any of the said
corporations who is not a stockholder thereof, and who is not also a
citizen of the State of Maryland.

Their qualifica-
tions

12. The following rules, restrictions, limitations, and provisions,
shall form and be fundamental articles of the constitution of each
of the said corporations, namely:

Id s 7
Articles of con-
stitution.

ARTICLE 1. — Every stockholder shall be entitled to one 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 thereafter; 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.

Votes of stock-
holders

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 presi-
dent upon his ceasing to he a citizen of this State or stockholder.

Directors must
be stockholders

ART. 3. — No director of any one of the said corporations 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

No one to be a
director in two
banks

each of said corporations, at a general meeting for their informa-
tion, 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

Annual state-
ment to stock-
holders

ART. 4. — The treasurer of this State shall be furnished with state-
ments of the amount of the capital stock of the corporation, and of
the debts due to 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 furnished
twice in each year, and to show the condition of the corporation in
the said particulars, as they may appear at the close of the business
transactions of the day in settlement thereof on the first Monday of
January and the first Monday of July, and each of the said corpor-

Semi-annual
statement to
State treasurer