A. W. BRADFORD, ESQUIRE, GOVERNOR.
general meeting called in pursuance to the provis-
sions of this act; and a majority of the stock-
holders present at any annual or general meeting
may pass by-laws which shall be binding on the
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37
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President and Directors, provided also, that such
by-laws shall not be contrary to any law of this
State, or of the United States.
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Proviso.
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Sec. 5. And be it enacted, That this act shall
be in force until the first day of January, eighteen
hundred and ninety, and until the end of the
regular session of the General Assembly next
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Duration of
charter.
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thereafter; provided, however, that the said corpor-
ation is continued upon the condition and subject
to the limitations in this act contained.
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Proviso.
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Sec. 6. And be it enacted. That the following
rules, restrictions, and limitations, and provisions
shall form and be fundamental articles of the
constitution of the said Fell's Point Bank, viz:
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Fundamental
articles of the
constitution.
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Article 1. Every stockholder shall be entitled to
one vote for every share, which he, she, or they may
hold, to the number of not exceeding ten snares,
and to one vote for every additional two shares,
to the number of not exceeding one hundred shares
in all, and to one vote for every additional five shares
thereafter, but no share of stock shall entitle any
holder to a vote which shall not have been holden
four calendar months previous to the said elec-
tion, and stockholders actually residents within
the United States, and none others, may vote at
elections by proxy.
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Article regu-
lating votes of
stockholders.
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Article 2. None but a stockholder, being a citi-
zen of this State, shall be eligible as a Director or
President, and every President or Director, as the
case may be, shall cease to be a Director or Presi-
dent upon his ceasing to be a citizen of this State,
or stockholder.
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Eligibility of
Directors, &c.
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Article 3. No Director of the said corporation,
shall be at the same time a Director of any other
Bank in this State, and once in each year the Di-
rectors shall lay before the stockholders of said
corporation, at a general meeting, for their infor-
mation, an exact and particular statement of the
debts which shall have remained unpaid after the
expiration of the original credit, and the surplus
profit, if any, after deducting losses and dividends.
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Directors of
other Banks
not to be direc-
tors of this cor-
poration.
Statement of
debts, surplus
profits, &c.
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