178

LAWS OF MARYLAND.

CHAP. 135

SEC. 10. And be it enacted, That it shall be the duty of the
directors to lay before the stockholders of said corporation,

Financial con-
ditions of
bank given.

once in every year at a general meeting for their information,
an exact statement of the financial condition and affairs of
the bank, of the debts which shall have remained unpaid
after the original credits and the surplus profits, if any, after
deducting losses and dividends'.
SEC. 11. And be it enacted, That the board of directors-
shall cause to be furnished to the Treasurer of the State,

Statement
furnished
Treasurer of
State of the
financial
condition of
bank.

statements of the amount of the capital stock of the corpo-
ration and of the debts due to and from the same, specify-
ing those due to and from other banks of the money
deposited therein, of the notes, if any, in circulation, of the
cash on hand, specifying the amount of coin, and of notes of
other banks of the value of real estate, held by the corpora-
tion, and of the amount and value of public or other stocks
owned by the corporation; said statements to be furnished
once in each year, and to show the condition of the corpora-
tion in the said particulars as they may appear at the
close of the business transaction of the day, in settlement
thereof on the first Monday in January; and the corpora-
tion shall publish said statements so made to the treasurer,
in one newspaper published in Allegany county, Maryland ;
such statements in all cases to be verified by the oath or
affirmation of the president or cashier of said corporation.
Sec. 12. And be it enacted, That the president, each director

Oath of officers
and directors.

and cashier, before entering upon the duties of his office,
shall take the following oath or affirmation, as the case may
be: I do solemnly swear (or affirm) that I will faithfully,
impartially, diligently and honestly execute the duties of ——
agreeably to the law and trust reposed in me, to the best of
my skill and judgment; said oath or affirmation to be taken
before any justice of the peace or other person having
authority under the laws of the State to administer oaths,
and to be made in writing, signed by the affiant, and filed
among the papers of the bank.
SEC. 13. And be it enacted, That the total amount of the

Amount of
debts not to
exceed
amount of
capital stock
paid in.

debts which the said corporation shall at any time owe
exclusive of its issue of notes, whether by bill, bond, note
or contract, shall not exceed the amount of capital stock
paid in, provided that money deposited in the bank for safe
keeping shall not be considered as debts of the bank within