56

LAWS OF MARYLAND.

DEC. SESS.
1814.

them shall be indulged with discounts or accomodation
paper beyond one thousand dollars per week, and that
not to exceed in the whole, at any one time, five thous-
and dollars.

Security, &c.

15. AND BE IT ENACTED, That the company shall
in no case be concerned in any article but notes, bills of
exchange, mortgages, stock of the United States, specie
or bullion, except in the case of debts due to the bank,
then they shall be fully justifiable in taking any kind of
security which they can obtain.

Quorum for
discounts.

16. AND BE IT ENACTED, That ordinary dis-
counts may be made by the president and five directors;
but the president and seven directors shall be necessa-
ry for the purpose of transacting the general business
of the company.

Transfers.

17. AND BE IT ENACTED, That the stock in the
Susquehanna bridge and bank may be transferred by the
holder in person, or by power of attorney at said bank,
but all debts actually due to the company by a stock hold-
er offering to transfer, must be discharged before such
transfer shall be made.

Dividend.

18. AND BE IT ENACTED, That dividends of
the profits of the company shall be made at the end of the
first year after the bridge shall be finished, and half year-
ly thereafter, and at the end of every three years a divi-
dend shall be made of surplus profits, which dividend
shall be payable to the stockholders at the bank.

Books, &c.—
general meet-

ings.

19. AND BE IT ENACTED, That the books, pa-
pers, correspondence, funds and every transaction of the
company shall at all times be freely open to the inspecti-
on of the directors, a majority of whom, or any number
of stockholders not less than twenty, and holding-
nor less than two hundred shares, may at any time call
a general meeting of the stockholders for objects relative
to the interest of the company, and giving not less than
two months notice thereof in some one or more of the
public prints in Baltimore.

Oaths--bonds.

20. AND BE IT ENACTED, That before the pre-
sident and directors shall act as such, they shall take an
oath, or affirmation, that they will faithfully, diligently
and honestly, perform the duties of their station; and
the cashier and book keeper, or clerks, shall also take a
similar oath, or affirmation, and shall besides give bonds,
with security, to the satisfaction of the board of direc-
tors, for the faithful discharge of their several duties.

Notes.

21. AND BE IT ENACTED, That all notes offered
for discount by any person or persons, shall, on the face
thereof, be made negotiable at the bank of the Susque-
hanna Bridge and Bank Company; such note shall be
made payable at the bank aforesaid, and notice given at
the bank by the proper servant, that such note hath be-
come due, shall be, to all intents and purposes, here and