PRIVATE ACTS. 1353

own body, to fill all vacancies that may occur in the board of
directors or presidency; to appoint and dismiss all officers,
agents and servants as they shall deem necessary to conduct
the business of said corporation, fix their compensation, take
bonds for and in the name of the corporation, with security
conditioned in such form as they shall approve, from them
for the faithful discharge of their duties and to secure the
said corporation from loss; to invest the funds of the corpora-
tion, and to do such other lawful acts touching the same as
they may deeui beneficial and proper; to pass all such by-laws
as may be necessary for the exercise of the aforesaid powers,
or of any vested by this Act in said corporation, and to
alter and repeal said by-laws; provided, that such by-laws
shall not be contrary to any laws of this State or of the United
States; and provided also, that all such by-laws may be altered
or repealed or others be passed in lieu thereof at any annual
or general meeting called in pursuance of the provisions of
this Act; and no stockholder, unless he be a citizen of the
State of Maryland, shall be eligible as president of said cor-
poration, and any president thereof shall cease to be such
upon his ceasing to be a stockholder or a citizen of this State.

SEC. 7. And be it enacted, That the president and directors
of the corporation may at any time call a general meeting
of the stockholders for any purpose relative to the institution
by giving at least two weeks' notice of the time and place of
such meeting by advertisement in some newspaper published
in Washington County, Maryland; and any number of the
stockholders, owning not less than one-fourth of the stock of
the corporation, may at any time apply to the said president
and directors to call a general meeting of the stockholders;
and if the president and directors shall refuse to call such
meeting, the said stockholders shall have power to call it,
giving notice 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.

SEC. 8. And be it enacted, That the president and a ma-
jority 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 ab-
sence.

SEC. 9. And be it enacted., That the Board of Directors
shall have power to regulate all matters pertaining to special