FRANK BROWN, ESQURE, GOVERNOR.

as aforesaid, and specifying in such notice the object of the
meeting; and the president, upon the application of any of the
stockholders, owning not less than one fourth of the capital
stock, shall furnish to such stockholders a full and correct list
of the names of all the stockholders of the bank.

593

SEC. 8. And be it enacted, That the president and a
majority of the directors shall constitute a board for the trans-
action of the business of the bank, but the ordinary discounts
may be made by the president and any two directors; and in
case of the sickness or necessary absence of the president, his
place may be supplied by a member of the board of directors,
selected by it to act as president pro tempore during his
absence.

Management
of affairs.

SEC. 9. And be it enacted, That the board of directors
shall have power to regulate all matters pertaining to special or
trust deposits, and to make all needful regulations in that
behalf; provided, that the aggregate amuont of said special or
trust deposits shall not at any time exceed the capital stock of
said bank.

Special or
trust
deposits.

SEC. 10. And be it enacted, That it shall be the duty of the
directors to lay before the stockholders, once in every year, at
a general meeting, an exact statement of the financial condition
and affairs of the bank.

Financial
statement.

SEC. 11. And be it enacted, That the board of directors
shall cause to be furnished to the Treasurer of the State, state-
ments of the amount of the capital stock of the bank and of
the debts due to and from it, specifying 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 the real
estate held by it, and of the amount and value of all stocks
owned by it; said statements shall be furnished once in each
year, and shall show the condition of the bank as it shall
appear in the aforesaid particulars, at the close of business on
the first Monday in January in each year; and said statements
shall be verified by the oath or affirmation of the president or
cashier of the bank, and copies of said statement shall be pub-
lished in one or more newspapers published in Washington
county, Maryland, by said board of directors.

SEC. 12. And be it enacted, That at all elections for direc-
tors of said bank, each stockholder shall be entitled to one vote

38

Statement
to State
Treasurer.