THOMAS SWANN, ESQUIRE, GOVERNOR. 129
tions therein mentioned, passed at January Ses-
sion eighteen hundred and fifty-three, Chapter
four hundred and forty-one. |
|
SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That from and after the passage
of this Act, the par value of each and every share
of the capital stock of the People's Bank of Balti-
more, misprinted in said first named Act, as the
People's of Baltimore Bank, shall be twenty dol-
lars; and said Act of eighteen hundred and fifty-
six, Chapter one hundred and nine, is hereby
amended by striking out in the last line of the
first Section, the words "twenty-five," and insert-
ing inlieu thereof, the word "twenty." |
Par value of
Capital Stock. |
Sec. 2. And be it enacted, That it shall be the
duty of the President and Directors of the said
Bank, as often as any money or property may be
recovered or received for or on account of the debts,
dues and demands, included in the estimate of
those losses by which the capital stock of the said
Bank has been reduced, to cause a dividend there-
of to be made among the Stockholders entitled to
the same. |
Dividend to
be made. |
Sec. 3. And be it enacted, That the President
and Directors of the said Bank are hereby autho-
rized and empowered to re-sell at the par value of
twenty dollars, all the shares of the capital stock
of said bank heretofore issued and now owned by
said Bank; and to open subscriptions for new stock
in said Bank to be hereafter issued, to the full ex-
tent permitted in the original Act aforesaid, to
which this Act is a supplement. |
To re-sell at
par value. |
Sec. 3. And be it enacted, That this Act shall
take effect and be in force from the date of its pas-
sage. |
In force. |
|
 |
