JAMES THOMAS, ESQUIRE, GOVERNOR.

1834.

poration, its officers, and servants, as they or a majority of
them, from time to time, shall think fit, not inconsistent
with law or the provrsrons of this act, and may at their plea-
sure revise, alter and annul the same, and they may use, em-
ploy and dispose of the funds, money and credit of the said
Bank, as they or a majority of them may deem expedient,
subject, however, to the restrictions and limitations herein-
after mentioned

CHAP. 210.

Sec 7 And be if enacted, That the following rules3
restrictions, limitations and provisions, shall form and be
fundamental articles of the constitution of the said corpora-
tion, viz

Rules

Article 1. — The number of votes to which each stock
holder shall be entitled, shall be according to the number of
shares he shall hold, in the proportions following, that is to
say — for one share and not more than two shares, one vote
each, for every two shares above two, and not exceeding
ten, one vote, for every four shares above ten, and not ex
ceeding thirty, one vote, for every six shares above thirty
and not exceeding sixty, one vote, for every eight shares
above sixty, and not exceeding one hundred, one vote, and
for every ten shares above that number, one vote, but no per-
son or body politic shall be entitled to a gi eater number
than sixty votes, and no share or shares shall confer a
right of suffrage which shall not have been holden four
calendar months previous to the day of election, anr] Block-:
holders actually resident within the United Stales, and none
other, may vote at elections by proxy

Article 2 — None but a stockholder, being a citizen of
this Mate, shall be eligible as a director or president, and
every president or director, as the case may be, shall cease
to be a drrector or presrdent, upon Ins ceasing to be a citi
zen of this State, or stockholder and not more than nine di-
rectors in office shall be eligible for the next succeeding
year

Eligibility

Artrcle 3 — No director of any other Bank, shall be at
the same trme a director of this Bank and once in each year
the directors shall lay before the stockholders at a general

Eligibility

meeting, for their information an exact and particular state
ment 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

Statement required

Article 4 — The Treasurer of the Western Shore, for the
time being, shall be furnished, once every year, or oftener

Annual statement

Treasurer W. S.