334

LAWS OF MARYLAND.

represented at any general or annual meeting, in per-

son or by proxy, may by a majority vote of said stock-

holders, pass by-laws which shall be binding on the

president and directors; provided also, that such by-

laws shall not be contrary to the provisions of this act

or of any law of this state or of the United States.

SEC. 8. And be it enacted, That the following rules,

restrictions, limitations and provisions shall form and

Rules, &c.

be fundamental articles of the constitution of said

corporation, namely:

ARTICLE 1. At all meetings of the stockholders of

the corporation for elections and other purposes, ex-

cept as provided in section thirteen, every stockholder

shall be entitled to one vote for every share which he,

she, it or they may hold to the number of not exceed-

ing ten shares, and to one vote for every additional

Votes stock-
holder entitled

two shares, to the number of not exceeding one hun-

to have.

dred shares in all, and to one vote for every additional

five shares thereafter; but no share of stock shall

entitle any holder to a vote which shall not have been

holden four calendar months previous to the day of

election, and stockholders actually resident within the

United States, and none others, may vote at all meet-

ings for elections and other purposes by proxy.

ART. 2. None but a stockholder, being a citizen of

this state, shall be eligible as a director or president,

Eligibility for
office.

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. 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

Furnish state-
ment.

same, specifying those due to and from other banks,

of the moneys deposited therein, of the notes in cir-

culation, of the cash on hand, specifying the amount

of coin and of the notes of other banks, of the value

of real estate held by the corporation, and of the

amount and value of public or other stocks owned by

Twice a year.

the corporation; said statement to be furnished twice

in each year, and to show the condition of the corpor-

ation in the said particulars as they may appear at the

close of the business transactions of the day in settle-

ment thereof, on the first Tuesday in January and the

Publish in

first Tuesday of July; and said corporation shall pub-

newspaper.

lish said statement so made to the treasurer in at least

one of the daily newspapers published in the city of