clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 61   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

ART. 12.] BANKS. 61

nor more than one hundred dollars, to be recovered by indict-
ment in the Circuit Court of the county where the said bank or
institution may be located, or in the Criminal Court of Baltimore,
as the case may be.

15. Any bank may make loans upon promissory notes or obli-
gations under seal secured by mortgage or deed of trust for any
period not exceeding five years, bearing interest annually or semi-
annually, payable in advance not exceeding the rate of six per
cent, per annum.

16. The courts of this State, upon petition of any party hold-
ing or being possessed in trust of the notes payable on demand
or to bearer of any insolvent banking corporation, may direct
an inspection and audit of such bank notes, and after a particular
count and statement thereof, made under order of and filed in
court, shall direct such bank notes to be burned or destroyed by
the sheriff of the county in the presence of the petitioner or his
counsel, and a report of such burning and destruction shall be
made to the court giving such order.

17. Any bank may recover on a note made payable to such
bank, or made payable to any of its officers.

18. The Comptroller shall require of the president and direc-
tors of each of the banks of this State who by their respective
charters are directed to furnish statements once a year or oftener
to the Treasurer or Comptroller, to furnish such statements
within the month of January in each year, and to transmit to
the said Comptroller an abstract of the condition of each bank as
they may respectively stand on the first Monday of said month
of January, so that they shall set forth the amount of their capi-
tal stock; bills in circulation, specifying the amount of the differ-
ent denominations of issues; net profits on hand; balances due
other banks; cash deposited, including all sums whatsoever due
from the bank not bearing interest; cash deposited bearing inte-
rest; gold, silver and other coined metals; real estate; bills of
other banks incorporated in this State; bills of other banks incor-
porated elsewhere; balances due from other banks; amount of
debts due said bank on bonds or bills discounted, and the amount
in stocks whether of said bank or any other bank whatsoever;
each of said items under distinct and separate heads; but nothing
herein contained shall diminish or impair the right of the Comp-

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 61   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives