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of them may deem expedient, subject however to the
restrictions and limitations hereinafter mentioned, and
the books, papers, correspondence and funds of the cor-
poration shall at all times be subject to the inspection
of the board of directors.
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CHAP. 308.
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SEC. 13. And be it enacted, That the following rules,
restrictions, limitations and provisions shall form and
be the fundamental articles of the constitution of the
said corporation, to wit: Article first, the number of votes
to which each stockholder shall be entitled to the number
of shares he or she shall hold in the proportion following
to wit: for one share and not more than two shares one
vote each; for every two shares above two and not ex-
ceeding ten, one vote; for every four shares above ten
and not exceeding 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; but no person or body politic shall
be entitled to a greater number than thirty votes,
and no share or shares shall confer a right of suffrage
which shall not have been holden two calendar months
previous to the day of election, stockholders actually re-
sident within the United States and none other may
vote by proxy at elections, and no officer or director of
said bank shall be permitted to vote either directly or
indirectly as the proxy of any stockholder in any case
whatever: Article second, none but a stockholder being
a citizen of the United States and residing within the
State of Maryland, except the directors appointed on the
part of the State, shall be eligible as a director or pre-
sident, and every director shall cease to be such upon
his ceasing to be a stockholder or to reside in Washing-
ton county: Article third, no director of any other bank
shall be a director of this bank, nor shall any person be
a director in this bank who is a partner in trade with
the director of any other bank, and no rule or regulation
shall entitle a director by virtue of his office to any pre-
ference in obtaining loans or discounts in said bank on
terms different from those prescribed for other persons,
and once in each year the directors shall lay before the
stockholders at a general meeting for their information
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 de-
ducting losses and dividends: Article fourth, the trea-
surer of the State, for the time being, shall be furnished
once every year or oftener if required, with statements
of the amounts of the capital stock of the said corporation,
and of the debts due to and from the same, of the mo-
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Fundamental
articles.
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