JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 281

that I will faithfully, impartially, diligently and
honestly execute the duties of ———— agreeably to
the provisions of law, and the trust reposed in me,
to the best of my skill and judgment.
ART. 7. The total amount of the debts which
the said corporation shall at any time owe, exclu-
sive of its issues or notes usually denominated
bank notes, whether by bond, bill, note or other
contract, shall not exceed the amount of the capi-	Debts not to
tal actually paid into the said bank ; provided, that the money deposited in the said bank for safe keep-	exceed capi- tal stock
ing, 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 this State ; and in cases of excess, the directors under whose ad-
ministration it shall happen shall be liable for the	Responsi-
same, in their natural and private capacities ; and	bility of direc-
an action may, in such cases, be brought against	tors.
them, or any of them, their heirs, executors or ad-
ministrators, in any court of record of 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 con-
trary notwithstanding ; but nothing herein con-
tained shall be construed to exempt the said	Not to be
corporation, or the lands, tenements, goods and	construed to
chattels of the same, from being also liable for and	exempt.
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 dis-
sented from the resolution or act whereby the
same was created, may respectively exonerate
themselves from being so liable by forthwith giv-
ing notice of the fact, and of their absence or dis-
sent, to the Governor of this State, and to the
stockholders at a general meeting, which they
shall have power to call for that purpose; and
provided, nothing herein contained shall be so	Proviso.
construed as, to confer the power upon the presi-
dent and directors to pay interest beyond three
per cent, per annum upon monies deposited in
said institution.
ART. 8. The president and a majority of the di-	Transaction
rectors shall constitute a board for the transaction	of business.