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Session Laws, 1884 Session
Volume 424, Page 335   View pdf image (33K)
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ROBERT M. McLANE, ESQUIRE, GOVERNOR.

335

Baltimore; said statement in all cases to be verified


by the oath or affirmation of the president or cashier


of the corporation.


ART. 4. The issues or notes usually denominated


bank notes, which it shall be lawful for the corpor-


ation to issue, shall not at any time exceed the amount


of its capital stock actually paid in, and no note shall

Amount und de-

be issued of a less amount or denomination than five

nomination of

dollars, nor of any amount intermediate between five

notes.

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 denominations of the


notes.


ART. 5. The president, each director and cashier,


before he enters upon the duties of his office, shall lake


the following oath or animation, as the case may be :


"I, ....... do swear or affirm, that I will faithfully,

Oath to be tak-
en.

impartially, diligently and honestly execute the duties


of ...... agreeably to the provisions of law, and the


trust imposed in me, to the best of my skill and judg-


ment."


ART. 6. The total amount of the debts, which said


corporation shall at any time owe, exclusive of its


issues or notes, usually denominated bank notes,


whether by bond, bill, note or other contract, shall

Limit of debts.

not exceed the amount of capital actually paid into


the said bank; provided that the money deposited in


said bank for safe keeping 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 president and directors, under


whose administration it shall happen, shall be liable


for the same in their natural and private capacities ;


and an action may, in such cases, be brought against


them, or any of them or their heirs, executors or ad-

Officers may be

ministrators, in any court of record in this state, by

prosecuted.

any creditor or creditors of said corporation, and may


be prosecuted to judgment and execution, any condi-


tion, covenant or agreement, to the contrary notwith-


standing; but nothing herein contained shall be con-


strued to exempt the said corporation, or the lands,


tenements, goods and chattels of the same from being


also liable for and chargeable with the said excess ;


and the president, and such of the said directors who


may have been absent when the said excess was ere-




 
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Session Laws, 1884 Session
Volume 424, Page 335   View pdf image (33K)
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