JAMES THOMAS, ESQUIRE, GOVERNOR.

1834

to the treasurer of the Western Shore in three equal annual
instalments, commencing for the first payment with the thir
tieth day af er the said Bank shall have gone into operation

CHAP. 210

Sec 11. And be it enacted, That if at any time the said
Bank neglect or refuse to pay in gold and silver, any of its
notes bills, obligations or any money recuved on deposit,
in violation of the contract, promise or undertaking of said
Bank, the person or persons entitled to demand and leceive
such payment, shall respectively receive and lecover inter-
est on said bills, notes obligations and deposites, until the

Case of failing to

cast their notes.

same shall be fully paid and satisfied at the rate of twelve
per centum per annum, from the the of such demand, Pro-
vided, and so far as the assets of said Bank shall be suffi-
cient to pay, over and bove the sum of its debt and com
mon interest thereon, the said extra rate of interest

Interest 12 1/4 per

cent

Sec 12 And be it enacted, If the said Bank shall
neglect or refuse to pay as afore a d, any of its notes, hills,
obligations, or money received on deposit, the holder of
such note, bill, or obligation, or the person or persons,
entitled to demand and receive such money shall be rtspec
tively entitled only to demand and receive as creditor, or as
debtor, to claim and set oft such part of the sum of its as
sets, as shall be actually distribulable and payable to such
creditor or debtor, at the time when such claim or demand
may be made

F [ ]le provisions

such case

Sec 13 And be it enacted, That if the said Bank shall
at any time suspend its payments the assets which said
Bank may hold, or he in any vvise credited to, at the time of
such suspension of payment shall be rate bly distributed to
and amongst all the persons who shall be its cieditors at
such time, and to then assigns respectively

Sec 14 And be it enacted, That whenever required by
law, the said Bank, shall do and perform the several respec-
tive and appriopriate duties of commissioners of loans for
this State, without charging of claiming any allowance
whatsoever for the same

Required to offi

[ ]

Sec 15 And be it enacted, That at any time hereafter, the
notes or issues of this corporation, common y called and
known as Bank notes, may be restarted by the Legislature,
to a denomination not less than that of the notes or issues of
any other incorporated Bank within this State, the lowest
denomination of whose notes or issues shall be above five
dollars

Right to restrict

Formation of

notes