792

LAWS OF MARYLAND.

		land, tenements, goods and chattels of the same from being also liable for and chargeable with the same excess; and such of the said directors as may have been absent when the said excess was created or who may have dissented from the resolu- tion or act whereby the same was created, may respectively exonerate themselves from being; so liable by forthwith giving notice of the fact and of their absence or dissent, to the Gov- ernor of the State and to the stockholders at a general meeting, which the dissenting directors shall have power to call for that purpose.
	Dividends.	SEC. 14. And be it enacted, That a half yearly dividend shall be made to the stockholders of as much of the net profits of the said corporation, as shall appear advisable to the direc- tors; said dividends shall be declared on the first Monday of January and July, and shall be payable on the second Monday of the month in which they are declared; and if the directors shall at any time wilfully or knowingly make or declare any dividend which shall impair the capital stock, all the directors present at the making or declaring such dividend, and consent- ing thereto, shall be liable in their individual capacities for the amount or proportion of the 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 con- sented 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.
	Meetings.	SEC. 15. And be it enacted, That the directors of the cor- poration may at any time call a general meeting of the stock- holders for any purpose relating to the institution, giving at least two weeks' notice by advertisement in some newspaper or newspapers published in the town of Salisbury, of the time and place of such meeting; and any number of the stock- holders owning not less than one-fourth of the stock of the corporation may at any time apply to said directors to call a general meeting of the stockholders for any purpose relative to the institution; and if the directors shall fail to call such meeting, the stockholders owning not less than the aforesaid amount of one-fourth of the stock of the corporation shall have power to call a general meeting of the stockholders, giving notice as aforesaid, and specifying in said notice the object of said meeting; and it is hereby made the duly of the directors and cashier of the bank, upon the application of any