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CHAP. 88.
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members of the corporation to elect directors, or for
any other purpose, to give one vote for each share of
stock such member may hold at the time of such meet-
ing, and every member duly elected as aforesaid shall be
entitled, upon the occasions aforesaid to one vote, whether
a share holder or not, all votes to be given in person and
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Proviso.
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not by proxy; provided always, that the whole number
of shares of stock which it shall be lawful thus to create
shall not exceed fifteen hundred, and that the directors,
or a majority of them may, in their discretion, limit the
number to one thousand, or any greater number not ex-
ceeding fifteen hundred.
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Receipt of
deposit to be
evidence.
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SEC. 6. And be it enacted, That every member of
the corporation upon making a deposit, shall be entitled
to receive from the treasurer or other propel officer, a
receipt or certificate of such deposit from under his
hand, which receipt or certificate shall be received as
evidence of debt against the corporation to every intent
and purpose, as it the same had been duly executed
under the corporate seal.
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Fundamental
articles.
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SEC. 1. And be it enacted, That the following rules,
restrictions, limitations and provisions, shall form and be
fundamental articles of the constitution of the said cor-
poration: article first, none but a member duly elected
shall be eligible as a director or president, and every
president or director,as the case may be, shall cease to be
such upon his ceasing to be a member of the corporation:
article second, no director of any other bank of Balti-
more city shall be eligible as a director in this corpora-
tion, and twice in each year the directors shall lay before
the members, at a general meeting to be called for that
purpose, upon reasonable notice of time and place, for
their information, an exact and particular statement of
the condition of the affairs and business of the corpora-
tion: article third, the president, treasurer, directors and
other officers and servants, before entering upon the
duties of their respective offices, shall take an oath or
affirmation before some justice of the peace of the city
of Baltimore, to discharge their several trusts diligently,
honestly, and impartially: article fourth, the president
and five directors shall constitute a quorum for the
transaction of business, and in case of the absence of
the president, a president pro tempore may be appoint-
ed by the directors present from their own number, and
such president pro tempore, with four directors, shall
constitute a quorum for the transaction of business:
article fifth, the president and directors, or a majority
of them, or a majority of a quorum of them, may call a
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