LAWS OF MARYLAND— 1836.

1245

Be it enacted, by the General Assembly of Maryland, That

Payment,

in all cases which may occur after the passage of this act,

&c. autho-
rized where

where payments of money, transfers of property, or other deal-

it would be

lings are made, or had to or with any person or persons acting

obligatory
on the

under a power of attorney, or other agency duly executed or

principal.

created, by any person or persons within this state, which

would be binding upon the party or parties giving such power

of attorney or agency, if the same was in full force and unre-

voked at the time of such payment, transfers or other dealings,

shall be equally binding and obligatory upon the representatives

or other assignees of such party or parties, although at the time

aforesaid, said party or parties may be dead, or may have as-

signed their interest in such money, property or dealings ; Pro-

vided, that the person or persons paying, transferring or having

such dealings with the person or persons acting under such

powers of attorney or agency, had not at the time of such pay-

Notice of

ment, transfer, or other dealing, notice of the death of the party

death, &c.

or parties giving such powers, or creating such agency, or of

the fact of the assignment aforesaid.

CHAPTER 272.

AN ACT relating to the form in which Promissory Notes may be given to

the Incorporated Banks of this State.

WHEREAS, doubts are entertained whether the incorporated

Preamble.

banks of this state, may for loans or other transactions within

their corporate powers, take and enforce the payment of notes

made to said corporations, as payees, or to some one of the

officers of said corporation as such, as payees, and also whether

on such notes it be lawful for them to receive interest by way of

discount, or in advance as is usual upon notes with endorsers,

passed to such corporations ; therefore,

SEC. 1. Be it enacted, by the General Assembly of Maryland,

May re-

That it shall and may be lawful for said incorporate banks and

cover prin-
cipal and

all other banks that shall hereafter be incorporated in this state,

interest.

to take and recover upon, and enforce payment of notes here-

after made as aforesaid to such corporations, or to officers of the

same, as such, and so designated in such notes, and thereon to

take and receive interest as aforesaid.

SEC. 2. And be it enacted, That the corporations aforesaid

Also on

shall be entitled to sue and recover in the names of such cor-

notes given
to their

porations, upon any promissory notes that shall hereafter be

officers.

made as aforesaid, to any officer or officers of such corporations,

as such, and so designated in such notes.