LAWS OF MARYLAND.— 1817.

679

the endowment and encouragement of institutions which the
legislature may from time to time think to merit and deserve it.
By 1821, ch. 191, sec. 4, commissioners to pay prizes within sixty days
after drawing.

SEC. 19. And be it enacted, That said commissioners be and
they are hereby authorized and empowered, to retain out of the
moneys which may come to their hands, a sufficient sum from
time to time to pay and discharge the expenses of drawing said
lotteries, including .the rent of an office for transacting their
business, or drawing said lotteries, rendering an account thereof
to the treasurer in the first return made to him after such ex-
penses are actually paid.

CHAPTER 156.

AN ACT to impose a Tax on all Banks or Branches thereof in the Slate of
Maryland not chartered by the Legislature.

Commis-
sioners may
retain
money to

pay

expenses.

SEC. 1. Be it enacted, by the General Assembly of Maryland,
That if any bank has established, or shall without authority
from the state first had and obtained, establish any branch,
office of discount and deposit, or office of pay and receipt, in any
part of this state, it shall not be lawful for the said branch, office
of discount and deposit, or office of pay and receipt, to issue
notes in any manner, of any other denomination than five, ten,
twenty, fifty, one hundred, five hundred and one thousand
dollars, and no note shall be issued except upon stamp paper
of the following denominations ; that is to say, every five dollar
note shall be upon a stamp of ten cents ; every ten dollar note
upon a stamp of twenty cents ; every twenty dollar note upon a
stamp of thirty cents ; every fifty dollar note upon a stamp of
fifty cents ; every one hundred dollar note upon a stamp of one
dollar; every five hundred dollar note upon a stamp of ten
dollars ; and every thousand dollar note upon a stamp of twenty
dollars ; which paper shall be furnished by the treasurer of the
western shore, under the direction of the governor and council,

Tax on
branch
established
in the state
without its
authority.

to be paid for upon delivery ; Provided always, that any institu-
tion of the above description may relieve itself from the opera-
tion of the provisions aforesaid, by paying annually, in advance,
to the treasurer of the western shore, for the use of the state, the
sum of fifteen thousand dollars.

Proviso.

SEC. 2. And be it enacted, That the president, cashier, each
of the directors and officers of every institution established, or
to be established as aforesaid, offending against the provisions
aforesaid, shall forfeit a sum of five hundred dollars for each and
every offence ; and every person having any agency in circu-
lating any note aforesaid, not stamped as aforesaid directed, shall
forfeit a sum not exceeding one hundred dollars ; every penalty
aforesaid to be recovered by indictment, or action of debt, in the

Penalty on
officers
offending,
&c.