ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

493

share that he or she or it may hold, a plurality of votes cast shall

be sufficient to elect; and the stockholders may vote either in per-

son or by proxy, but no share of stock shall entitle said holder to

Elections.

a vote which shall not be holden two calendar months previous

to the day of election.

SEC. 11. And be it enacted, That it shall be the duty of the

directors to lay before the stockholders of said corporation once

in each year, at a general meeting, for their information an exact

Annual
statement

statement of their financial condition and the affairs of the said

corporation, 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.

SEC. 12. And be it enacted, That the board of directors shall

cause to be furnished to the treasurer of the State of Maryland,

statements of the amount of capital stock of the corporation, and

of the debts due to and from the same, and of the moneys de-

posited therein, of the cash on hand, specifying the amount of

Do State

coin, of the value of the real estate held by the corporation, and

treasurer

of the amount and value of public or other stocks owned by the

corporation; said statements to be furnished once in each year,

and to show the condition of the corporation in the said particu-

lars as they may appear at the close of the business transac^ons

of the day in settlement thereof, or the first Monday of January.

SEC. 13. And be it enacted, That the president, each director

and cashier, before entering upon the duties of his office, shall

take the following oath or affirmation, as the case may be : I do

solemnly swear (or affirm) that I will faithfully, impartially, dili-

gently and honestly execute the duties of —— agreeably to the

Official
oath.

provisions of the law, and the trust reposed in me to the best of

my skill and judgment; said oath or affirmation to be taken

before any justice of the peace, or other persons having authority

under the laws of this State to administer oaths, and to be made

in writing, signed by the affiant, and filed among the archives

of said corporation.

SEC. 14. And be it enacted, That the total amounts of the debts

which the said corporation shall at any time owe, whether by bill,

bond, note or contract, shall not exceed the actual amount of the

capital stock actually paid in; provided, that money deposited in

the corporation f or "safe-keeping, shall not be considered as debts

of the bank within the provisions of this section, unless the con-

Shall not

tracting of a greater debt shall have been previously authorized

exceed
the capital

by a law of the State, and in cases of excess, the directors under

stock.

whose administration it shall happen, shall be liable for the same

in their natural and private capacities, and action may in such

cases be brought against them or any of them, or their heirs, ex-

ecutors or administrators, in any court of record in this State, by

any creditor or creditors of said corporation, and may be prose-