Section XVII. And it is hereby enacted, that no person shall be capable of serving as a Director by election of th

XVII. And it is hereby enacted, that no person shall be capable of serving as a Director by election of the Proprietors who shall not be Proprietor in his own right unencumbered of six Shares or Six Thousands Rupees of the Capital Stock of the Bank of Madras, or who shall be a Director of any other Bank issuing notes payable on demand within the Town or Suburbs of Madras.