INDEX.

1845.

Chap.

Sec.

BANKS—

This act in force as soon as president,

&c. shall by resolution authorise, &c., de-

clare acceptance and transmit a copy of

resolution to Treasurer of the State, reso-

lution to be under seal, &c.

"

2

Notice of elections for directors in the

Franklin Bank of Baltimore, manner of

taking bonds, &c. acquiring and selling

property same as prescribed by the origin-

al charter.

112

1

The 9th fundamental article of the Mer-

chants' Bank of Baltimore, inoperative so

far as it may apply to the president, &c. of

the Franklin.

"

2

This act to have no effect unless stock-

holders, &c. declare their acceptance.

"

3

Union Bank of Maryland shall not be

subject to the operation of the 2nd, 9th

and 19th fundamental articles of the con-

stitution of the Merchants' Bank of Balti-

more, and the same as far as respects the

said Union bank repealed, and the follow-

ing articles substituted, &c.

115

1

Art. 1. None but stockholders being citizens

of the State eligible as directors, &c. any

director or president ceasing to be a citi-

zen, shall cease to be a director, &c. not

more than 11 directors to be eligible for

*

the next year.

Article 2, No president, &c. shall hold

any part of capital stock, &c.

Article 3. President, &c. to give six

weeks notice of holding annual elections,

&c.

Article 4. The failure of President to

appoint a substitute as provided by 8th

fundamental article of Merchants' bank,

board of directors to make appointment.

Act to have no effect till stockholders by

resolution assent at a general meeting

called, on or before 1st Monday in July,

&c. and authorise the president to trans-

mit resolution under seal of the bank to

the Governor, &c.

"

2