THOMAS SWANN, ESQUIRE, GOVERNOR. 901
Sec. 5. And be it enacted, That the said corpora-
tion hereby constituted shall pay the State and
county taxes levied upon the assessed value of the
capital stock thereof, whether the stockholders
holding the same be residents or non-residents of
Baltimore County, but the holders of said stock
sharl not be liable to taxation upon the stock held
by them ; and the County Commissioners of Balti-
more County shall assess at the cash value thereof
the capital stock of the said corporation ; provided,
that ten days' previous notice shall be given to the
said corporation, or the President or some one of
the Directors thereof, of the time when the said
Commissioners will proceed to make such assess-
ment.
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Pay State and
county taxes.
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Sec. 6. And be it enacted, That nothing herein
contained shall be construed to confer banking
privileges, or the power of issuing bank notes or
notes in the nature of bank notes, or paper in-
tended to circulate as currency.
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Banking
prohibited.
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Sec. 7. And be it enacted, That the right is
hereby reserved to the Legislature to amend, alter
or repeal this Act of incorporation whenever the
public interest may by the General Assembly be
deemed to require it.
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Reservation.
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Sec. 13. And be it enacted, That this Act shall
take effect from date of its passage.
Approved March 30, 1868.
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In force.
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CHAPTER 464.
AN ACT to incorporate the Broadway Savings
Bank of Baltimore.
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SECTION 1. Se it enacted by the General Assembly
of Maryland, That Alexander Jones, James Bates,
R. D. Millholland, Edwin Bailey, William B.
Jones, John Hughes, Bazil S. Wellener, Henry
Carr, Sr., Levi Lowe, William H. Cathcart,
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Incorporation
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