ROBERT BOWIE, ESQ. GOVERNOR

219

record, or any other place whatever; and also, to
make, have and use a common seal, and the same to
break, alter and renew at pleasure; and to make, issue
and negotiate notes; and generally to do and execute
all such acts, matters and things as to them shall ap-

1812.

pertain under the clauses of this act; Provided always,
That they shall issue no note under five dollars.

Proviso.

23. AND BE IT ENACTED, That in case any
shares should remain unsubscribed for in either coun-
ty, the directors shall take measures for disposing of
them in such manner as to them shall seem meet, giv-
ing notice thereof as provided in the third section.

Shares remain-
ing unsold.

24. AND BE IT ENACTED, That the following
rules and provisions shall form the fundamental arti-
cles of the constitution of the said corporation, to wit:

Rules and pro-
visions.

1st. That the capital stock of the Farmers' Bank of
Somerset and Worcester shall be managed by the
directors, for the joint benefit of the stock-holders,
and the benefit of the state of Maryland if the state
shall become interested.

Stock shall be
managed by the
directors.

2d. No director of any other bank shall be a direc-
tor of this bank, nor shall any two persons co-part-
ners in any kind of business be directors in this in-
stitution at the same time.

Persons exclud-
ed from direc-
torship.

3d. The president and directors for the time being
shall give one months notice in the most public places
of the county, and some public print in the town of
Easton, of the time and place of holding the election
of directors annually.

Notice shall be
given "of the
time and place
of holding elec-
tions for direc-
tors.

4th. The total amount of the debts which the said
corporation shall at any time owe, whether by bond,
bill, note or other contract, shall not exceed double
the amount of capital actually paid into the said bank;

Total amount
of debts which
they shall owe.

Provided, That the money deposited in the said bank
for safe keeping shall not be considered as the debts
of the bank within the provision of this clause, unless
the contracting of any greater debts shall have been
previously authorised by law of the state. In case
of excess, the directors under whose administration it
shall happen, shall be liable for the same in their na-
tural and private capacities, and an action of debt
may in such case be brought against them or any of
them, or their heirs, executors or administrators, in any
court of record of this state, by any creditor or cre-
ditors of the said corporation, and may be prosecuted
to judgment and execution; any condition, covenant
or agreement to the contrary notwithstanding; but
nothing herein contained shall be construed to exempt
the said corporation, or the lands, tenements, goods

Proviso.