296 BANKS. [ART. 11

21. Capital stock if located in Balti- more city. 22. Capital stock if located else- where in State. 23. Board of directors. 24. Affairs; how managed. 25. Rules, restrictions and limita- tions of said banks, viz : Art. 1. Vote of stockholders. 2. Who eligible as directors or president. 3. Annual statement to stock- holders. 4. Semi-annual statements to State treasurer. 5. Limit to issue of bank notes. 6. Oath of president and di- rectors. 7. Limit to indebtedness. 8. Powers of board. 9. Dividends. 10. Pay of directors. 11. General meetings of stock- holders. 12. Cashier or treasurer. 13. Real estate. 14. Corporate powers. 15. Bills or notes. 16. Transfer of shares of stock. 17. Prohibited loans. Stock to be personal estate.

18. Notice of annual election. 19. Voting by stockholders. 20. In what funds to pay. 21. State tax on circulation. 26. Defaulting bank to pay interest to note-holders and depositors. 27. Assets to be distributed amongst creditors. 28. Distribution to be pro rata. 29. Stockholders to be individually liable. 30. Sections 19-32 may be availed of by existing banks. 31. Not to resume when once closed by directors and stockholders. 32. Sections 19-32 in force until 1905. 33. Treasurer to appoint bank exam- iner. Affairs of banks to be investigated annually by such examiner. 34. Bank failing to comply shall for- feit charter. Appointment bf receivers. 35. Associations affected by these provisions shall be subject only to authorized visitorial powers. 36. Compensation of examiners. 37. To what banks these provisions shall not apply.

1888, art. 11, sec. 1. 1860, art. 12, sec. 1. 1818, ch. 177. 1861, ch. 5.
1862, ch. 178. 1864, ch. 3.

1. Any person having a claim upon or holding a note of any
bank in this State under one hundred dollars, after demand of
payment of such claim or note at the bank, and refusal or
neglect to pay, may recover judgment for the same before a
justice of the peace of the county or city where the bank is
established, with interest at the rate of six per centum per
annum from the time of the demand and refusal.

Ibid, sec 2. 1860, art. 12, sec. 2. 1818, ch. 177

2. Upon application made to the circuit court of any county,
or the superior court of Baltimore city, or to the judge thereof
in the recess, supported by affidavit to be filed in the case,