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LAWS OF MARYLAND.— 1837.

Powers to

SEC. 5. And be if enacted, That all the powers granted to the

officers.

sheriffs in the sixth and other sections of the act to which this

is a supplement, shall be and are hereby granted to the officers

mentioned in the first section of this act.

Disposition

SEC. 6. And be U enacted, That sifter the payment of the costs

of proceeds

' of prosecution of offenders under this law, and the act to which

this is a supplement, the balance arising from the fine and sale

of the boat or other articles herein before mentioned, shall be

apportioned in the following manner, one-fourth thereof to the

sheriff or other officer making the arrest or seizure, and the

balance among those whom he may have summoned and who

have aided in the same.

Repealing

SEC. 7. And be it enacted, That all laws or part of laws in-

clause.

consistent with the provisions of (his act, be, and they are

hereby repealed.

CHAPTER 315.

AN ACT for the better regulation of the Banking Institutions in this State.

Monthly

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

statements
required to

That from and after the passage of this act, it shall be the duty

T. W. S.

of the president and directors of the several banks and savings

institutions in this state, during their suspension of specie pay-

ments, to transmit a monthly statement, under oath, of their

condition, to the treasurer of the western shore, to be by him

laid before the governor of the state.

Statements

SEC. 2. And be enacted, That it shall be the duty of the pre-

to each
other.

sident and directors of the several banking institutions in this

state, to transmit to each other, at least once in every month, a

statement, under oath, containing a particular account of their

responsibilities and their available means to meet them.

Circulation

SEC. 3. And be it enacted, That no bank in this state, during

limited.

the suspension of specie payments, shall extend the circulation

of its notes to an amount exceeding three times the amount of

gold and silver in its vaults, which may be the property of such

institution, and after the resumption they shall not exceed the

amount of their capital actually paid in.

Resumption

SEC. 4. And be it enacted, That the several banks and savings

of specie
payments.

institutions of this state shall resume the payment of their issues

in coin, on, or before the first day of January, eighteen hun-

dred and thirty-nine, or within thirty days after such a course

shall have been adopted by the banks of New York, Pennsyl-

vania and Virginia, should they resume specie payments pre-

vious to said day, and each and every bank and savings institu-

Thereupon

tion complying with these condition, shall be, and they are

released of
penalties.

hereby released from all the penalties incurred by a suspension

of specie payments, or the issues of bank notes or certificates of