1354 LAWS OF MARYLAND.

or trust deposits, and to make all needful regulations in that
behalf; provided, that the aggregate amount of said special or
trust deposits shall not at any time exceed the capital stock of
said bank.

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 condi-
tion and affairs of the bank.

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 ap-
pear 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
for each share of stock that he, she, it or they may hold to the
number of twenty shares, and to one vote for every two shares
in excess of twenty; a majority of the votes cast shall be suffi-
cient to elect, and stockholders may vote either in person or
by proxy; but no share of stock shall entitle the holder to a
vote which shall not'have been held two months previous to
the election by said holder.

SEC. 13. And be it enacted, That no director shall be entitled
to receive any pay or emolument for his services, except such
as shall have been provided at a general meeting of the stock-
holders; nor shall the president be entitled to receive any pay
or emolument for his services, except such salary as may be
allowed at a general meeting of the stockholders.

SEC. 4. And be it enacted, That' the said bank shall have
power to borrow money, receive money on deposit and pay in-
terest thereon; to loan money or to discount in accordance
with bank usage, taking such security therefor, either real or
personal, as the Board of Directors may deem sufficient; to buy
and sell bills of exchange, notes, bonds or other securities;
to accept and hold all such trusts as shall or may be com-