ART. 11] FUNDAMENTAL ARTICLES. 305

1888, art. 11, sec. 23. 1870, ch. 206, sec. 7.

25. The following rules, restrictions, limitations and pro-
visions shall form and be fundamental articles of the constitu-
tion of each of the said corporations, namely:

Article 1. Every stockholder shall be entitled to one vote for
every share which he 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
shore of stock which shall not have been held four calendar
months previous to the day of election shall entitle any holder
to a vote; and stockholders actually resident within the United
States, and none others, may vote at elections by proxy.

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.

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 stock-
holders of each of said corporations, at a general meeting, for
their information, 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 deduct-
ing losses and dividends.

Art. 4. The treasurer of this State shall be furnished with
statements of the amount of the capitol stock of the corpora-
tion, 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 the same shall appear at the close of the
business transaction of the day in settlement thereof, on the
first Monday of January and the first Monday of July; and
each of the said corporations 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
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