MARYLAND, Sc.
At a Session of the General Assembly of Maryland, begun
and held at the City of Annapolis, on Monday, the
15th
day of June, and ended the 18th day of the same
month,
in the year of our Lord 1812,
HIS EXCELLENCY
ROBERT BOWIE, ESQUIRE, GOVERNOR.
THE FOLLOWING LAWS WERE ENACTED, TO WIT: |
JUNE 1812. |
CHAPTER I.
An Act authorising the several Banks in this State to Loan Money
to
the United States. Lib. TH. No. 3, fol. 337. |
CHAP. 1.
Passed June 18. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
each of the several banking institutions within the state of Maryland,
be and is hereby authorised to loan to the United States, any
sum of money not exceeding in amount one third of its capital actually
paid in. |
Authorised a loan
not exceeding one
third of capital
paid in. |
2. AND BE IT ENACTED, That all loans hitherto
made by any
banking institution of this state, to the United States, are hereby
declared to be as legal and valid, to all intents and purposes, as
if
such loans had been made by and with the consent of the legislature
of this state. |
Former loans to U.
S. declared legal. |
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CHAP. II.
A Supplement to an act*, entitled, An act to establish a Bank and
incorporate
a Company under the name of The Cumberland Bank
of
Allegany. Lib. TH. No. 3, fol. 337. |
Passed June 18.
* 1811, ch. 207. |
BE IT ENACTED, by the General Assembly of Maryland,
That
the name and title of the Cumberland Bank of Allegany, be and the
same is hereby changed and altered to that of the Cumberland
Bank of Alleghany; and the subscribers to said bank, their successors
and assigns, shall, by that name and style, be made a corporation
and body politic, with all the rights, powers and privileges,
as by the original act to which this is a supplement are given. |
Name and title of
bank changed. |
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CHAP. III.
A Supplement to the act †, entitled, An act to incorporate
a Bank to be
called The Farmers Bank of Somerset and Worcester.
Lib. TH.
No. 3, fol. 338. |
Passed June 18.
† 1811, ch. 193. |
BE IT ENACTED, by the General Assembly of Maryland,
That
the board of directors of the bank, appointed agreeably to the
seventh section of the said law, at their first meeting, and at their
first meeting after every annual election, shall have power to appoint
a president for the said bank, and all other officers requisite |
Directors authorised
to appoint a
president and
other officers. |
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