560

LAWS OF MARYLAND.

respondence and funds of the corporation shall at
times be subject to the inspection of the board of di-
rectors, to the Treasurer of the State, or to a com-
mittee appointed by either branch of the Legislature
of this State.

Subject to re-
strictions and
limitations.

SEC. 12. And be it enacted, That the following
rules, restrictions, limitations and provisions shall
form and be fundamental articles of the constitution of
the said corporation, to wit: First, the number of
votes to which each stockholder shall be entitled, shall
be according 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 exceeding ten,
one vote; for every four shares above ten, and not ex-
ceeding 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; and for every ten shares above one hundred,
one vole; and 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 holder) four calendar months previous
to the day of election; stockholders actually resident
within the United States, and none other, may vote
at elections by proxy; Second, none but a stockholder,
being a citizen of the United States, and residing
within the State of Maryland, shall be eligible as a
director, and every director shall cease to be such
upon his ceasing to be a stockholder; Third, the pres-
ident and directors for the time being, shall give three
weeks notice in one or more newspapers printed in
the cities of Baltimore and Annapolis, of the time and
place of holding the annual election of directors;
Fourth, the president and each director before he en-
ters upon the duties of his office, shall take the fol-
lowing oath (or affirmation), as the case may be: "I,
A. B. do solemnly swear, (or affirm) that I will im-
partially, faithfully, diligently and honestly execute
the duties of president or director (as the case may
be) of the Patapsco Bank of Maryland, conformably
to the constitution of the same, and the trusts reposed
in me, to the best of my skill and judgment;" and the
other officers and servants of this bank shall also take
a similar oath or affirmation, and shall besides, give
bond with security, to the satisfaction of the president
and directors, for the faithful discharge of their du-