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CHAP. 308.
Fundamental
articles.
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nies deposited therein, of the notes in circulation, of the
cash in hand, and of the profits made, and shall have a
right to inspect such general accounts in the books of
the bank as shall refer to said statements, but nothing
herein contained shall be construed to imply a right to
inspect the account of any private individual or indivi-
duals with the bank, nor shall such general statement
and powers of inspection be used for any other purpose
than to enable him to form, and when required to com-
municate to the legislature, a just opinion of the state of
the institution, with the grounds of such opinion: Article
fifth, the issues or notes usually denominated bank notes,
which it shall be lawful for the said corporation to issue,
shall not at any time exceed the amount of its capital
stock actually paid in by the subscribers, nor shall any
of said issues or notes be for a less sura than one dollar:
Article sixth, the president and directors for the time
being, shall give six weeks notice in two newspapers
printed in Washington county, and in two daily news-
papers printed in the city of Baltimore, of the time and
place of holding the election of directors annually:
Article seventh, the president and each director before
he enters upon the duties of his office shall take the
following oath or affirmation as the case may be, I, A. B.,
do solemnly swear or affirm, that I will impartially, faith-
fully, diligently and honestly execute the duties of pre-
sident or director, as the case may be, of the Valley
Bank of Maryland at Hagerstown, conformably to the
provisions of law and trust reposed in me, to the best of
my skill and judgment, and the other and servants of this
bank shall also take a similar oath or affirmation, and shall
besides give bonds with security to the satisfaction of the
president and directors for the faithful discharge of their
duty: Article eighth, if the president or any director, the
cashier or any other officer shall be concerned directly or
indirectly in purchasing any note or notes, bill or bills
at more than lawful discount or interest, and informa-
tion thereof be given and supported to the satisfaction
of the board or a quorum of directors, his or their seat or
seals of office shall be vacated, and the directors shall
fill up such vacancy or vacancies: Article ninth, that the
corporation shall not deal or trade in any thing except
bills of exchange, promissory notes and bullion, or in
sales of goods which shall he the produce of their lands,
or such goods and effects as shall have been bona fide
pledged or mortgaged to it by way of security, or con-
veyed to it in satisfaction of debts contracted in course
of its dealings, or purchased at sales upon judgments or
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