634
LAWS OF MARYLAND.
Directors of
banks.
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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 stockholders 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 deducting
losses and dividends.
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Statement to
be furnished
Treasurer.
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ART. 4. The Treasurer of
this State shall be furnished
with statements of the amount of the capital stock of the
corporation, and of the debts due to and from the same,
specifying those due to and from other banks, of the
monies 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 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 in said city,
or in a newspaper published in the county in which the
corporation may be located, if not located in the said
city; said statements in all cases to be verified by the
oath or affirmation of the president or cashier of the
corporation.
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Issues not to
exceed its
capital stock.
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ART. 5. The issues 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.
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ART. 6. The president, each
director, cashier, or
treasurer, before 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, 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.
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