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LAWS OF MARYLAND.
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Annual state
ments.
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Article 4. The Treasurer of this State shall be
furnished with statements of the amount of capital
stock of the corporation, and of the debts due to,
and from the same, specifying those due to and
from other Banks, of the monies deposited therein,
of the notes in circulation, of the cash on hand,
specifying the amounts of coin and of the notes of
other Banks, of the value of the real estate held by
the corporation, and of the amount and value of
public or other stocks owned by the corporation ;
said statement to be furnished twice in each year,
and to show the condition of the corporation in
said particulars, on the first Monday of January,
and the first Monday of July; and the said corpor-
ation shall publish said statement so made to the
Treasurer in at least one of the daily newspapers
published in the city of Baltimore , said statements
to be verified by the oath or affirmation of the
president or cashier.
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Issues, and
denomination
of notes.
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Article 5. The issues or notes, usually denomi-
nated Bank notes, which it shall be lawful for
the corporation to issue, shall not at any time ex-
ceed the amount of its capital stock actually paid
in, and no note shall be issued of a less amount
than one dollar, nor of any amount intermediate
between five and ten dollars; and the General As-
sembly may at any time restrict the issue of such
notes, both in the amount which may be issued,
and in the denomination of the notes.
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Oath of pre-
sident, direct-
ors and cashier
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Article 6. The President, each Director, and the
Cashier, before he enters upon the duties of his
office shall take the following oath, (or affirma-
tion,) as the case may be : I ———— do
swear or affirm, that I will faithfully, impartially,
diligently, and honestly execute the duties of —— ,
agreeably to the provisions of law and the trust
reposed in me, to the best of my skill and judg-
ment.
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Debts not to
exceed capital
paid in.
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Article 7. The total amount of debts which the
said corporation shall at any time owe, exclusive
of its issues or notes, usually denominated Bank
notes, whether by bond, bill, note, or other con-
bract shall not exceed the amount of the capital
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Proviso.
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actually paid into the said Bank; provided, that
the money deposited in the said Bank for safe
seeping shall not be considered as the debts of the
Bank within the provisions of this clause, unless
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