. THOMAS SWANN, ESQUIRE, GOVERNOR. 205
rate Existence of the Several Banking Inetitu-,
tions" therein mentioned, passed at January Ses-
sion eighteen him dred and fifty-three, Chapter four
hundred and forty-one and any supplement or
amendment thereto which has been heretofore or
may hereafter be passed.
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Sec. 3. And be it enacted, That the stockholders
shall be liable to the amount of their respective
share or shares of stock in said Bank for all its
debts and liabilities upon note, bill or otherwise,
and the books, papers and accounts shall be open
for inspection.
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Liability.
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Sec. 4. And be it enacted, That this Act of in-
corporation shall take effect from the date of its
passage, and the Legislature reserves to itself the
right to alter or amend this Act of incorporation
at pleasure.
Approved March 17, 1868.
CHAPTER 134.
AN ACT to authorize the Board of Directors of
the Maryland Insurance and Security Company
to reduce the par value of the shares of the cap-
ital stock of said Company, and to issue new
stock in shares of such reduced value.
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In force ami
reservation.
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SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Board of Directors of
Maryland Insurance and Security Company be
and they are hereby authorized and empowered to
reduce the par, value of the shares of the capital
stock of said Company from fifty dollars each, as
provided by the third Section of the Act of eighteen
hundred and fifty-eight, Chapter three hundred
and eighty-three, incorporating the Maryland Mu-
tual Insurance Company of Baltimore, to twenty-
five dollars each, and that in any further issue of
stock of the said Company, whether under the said
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Reduce par
value.
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