376
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BANKS, NATIONAL AND STATE. [ART. 43.
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To be pub-
lished
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ations shall publish said statement so made to the treasurer, in at
least one of the daily newspapers published in the city of Baltimore,
if the corporation be located in said city, of in a newspaper pub-
lished in the county in which the corporation may be located, if not
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Verified by affi-
davit of presi-
dent, or Cashier
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located in said city; said statements in all cases to be verified by
the bath or affirmation of the president or cashier of the corpora-
tion.
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Amount of
issue.
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ART. 5 — The issue or notes, usually denominated bank notes,
which it shall be lawful for the corporation to issue, shall not at
any time exceed the amount of its capital stock actually paid in,
and no note shall be issued of a less amount or denomination than
five dollars, nor of any amount intermediate between five and ten
dollars; and the General Assembly may at any time restrict the
issue of such notes, both in the amount which may be issued and
in the denomination of the notes.
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Oath of officers
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ART. 6. — The president, each director, cashier, and treasurer, be-
fore he enters upon the duties of his office, shall take the following
oath or affirmation, as the case may be: I, ————, do swear, or
affirm, that I will faithfully, impartially, dilligently, and honestly
execute the duties of —— —— agreeably to the provisions of law and
the trust imposed in me, to the best of my skill and judgment
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Debts not to
exceed capital
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ART. 7. — The total amount of the debts which any of the said
corporations shall at any time owe, exclusive of its issues, or notes
usually denominated bank notes, whether by bond, bill, note, or
other contract, shall not exceed the amount of capital actually paid
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Proviso.
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into the said bank; provided, that the money deposited in the said
bank for safe keeping, shall not be considered as the debts of the
bank within the provisions of this clause, unless the contracting of
a greater debt shall have been previously authorized by a law of
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Directors per-
sonally liable.
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this State, and in cases of excess, the directors under whose ad-
ministration it shall happen, shall be liable for the same in their
natural and private capacities, and an action may, in such cases,
be brought against them, or any of them, or their heirs, executors,
or administrators, in any court of record in this State by any
creditor or creditors of said corporation, and may be prosecuted to
judgment and execution, any condition, covenant, or agreement, to
the contrary notwithstanding, but nothing herein contained shall
be construed to exempt the said corporation, or the lands, tene-
ments, goods, and chattels of the same from being also liable for
and chargeable with the said excess, and such of the said directors
who may have been absent when the said excess was created, or
who may have dissented from the resolution or act whereby the
same was created, may respectively exonerate themselves from being
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Unless they
give notice
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so liable by forthwith giving notice of the fact, and of their absence
or dissent, to the governor of this State, and to the stockholders,
at a general meeting, which they shall have power to call for that
purpose.
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