636
LAWS OF MARYLAND.
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they are declared; and if the directors shall at any
time
wilfully and knowingly make or declare any dividend
which shall impair the capital stock, all the directors
present at the making or declaring such dividend, and
consenting thereto, shall be liable in their individual
capacities to the corporation, for the amount or proportion
of the said capital stock so divided by the directors,
and each director who shall be present at the making or
declaring of such dividend shall be deemed to have
consented thereto, unless he shall immediately enter his
dissent in writing on the minutes of the proceedings of
the board, and give public notice to the stockholders
that such dividend has been declared.
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Director
not
entitled to enrolment.
Compensation
of president.
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ART. 10. No director shall
be entitled to receive any
enrolment for his services, unless the same shall have
been allowed at a general meeting of the stockholders
and the directors shall make such compensation to the
president for his extraordinary attendance at the bank;
as shall appear to them reasonable,
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General
meeting.
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ART. 11.
The president and directors of the corporation
may at any time call a general meeting of its
stockholders for any purpose relative to the institution,
giving at least six weeks notice in two or more daily
newspapers printed in Baltimore city, if the corporation
be located in said city, or in a newspaper printed in the
county town of the county in which the corporation
may be located, if not located in the said city, and any
number of stockholders owning not less than one-fifth
of the stock of the corporation may at any time examine
the books, papers and accounts of such corporation, or
may apply to the said president and directors to call a
general meeting of the stockholders for any purpose
relative to the institution; and if the president and directors
shall refuse to call such meeting, the said number
of stockholders, proprietors of not less than the
aforesaid number of shares, shall have power to call a general
meeting of the stockholders, giving notice as aforesaid,
and specifying in such notice the objects of such
meeting; and it is hereby made the duty of the president
and directors of said bank, upon the application of
any ten stockholders for that purpose, to give such
stockholders a full list of the names of all the stockholders
in said bank.
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Bond of
cashier and
treasurer.
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ART. 12. Every cashier or
treasurer before he enters
upon the duties of his office, shall be required to give
bond, with two or more securities to the satisfaction of
the president and directors, in a sum not less than fifty
thousand dollars for the larger banks, nor less than
twenty thousand dollars for those banks whose capitals
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