348

LAWS OF MARYLAND.

Stock — how
acquired.

for the same, a full consideration, or received the
same by inheritance, bequest, marriage, distribu-
tion or gift, and without any understanding that
the said stock is to be transferred to the party
from whom it was received, or in case of voting by
proxy or power of attorney, the person holding
such proxy or power of attorney, shall make oath
or affirmation, if required by a stockholder, that
he believes his principal, for whom he offers to
vote, bought and paid, or secured the payment for
the said stock a full consideration, or that the said
principal, to the best of his knowledge and belief,
is the real bona fide owner of said stock, having
acquired the same, as the case may be, by inheri-

Proviso.

tance, bequest, marriage, distribution or gift; pro-
vided, however, that this provision shall only apply
to such shares of stock in the corporations afore-
said as shall appear to have been transferred upon
the books of the corporation within one year next
preceding the meeting at which it is offered to vote
upon them.

Not to issue
as currency.

Art. 20. It shall not be lawful for any of the
banking institutions by this Act incorporated, to
make discounts in or pay out any funds or money
other than the legal currency of the United States,
notes issued by authority of their charter, and
notes issued by other banking incorporations, re-
ceived at their par value by the banks so paying
them out.

Gener'l assess-
ment for free
school fund.

Art. 21. That in addition to the general assess-
ments for the purposes of State and municipal tax-
ation, there shall be annually levied and collected
on the shares of the capital stock of all banking
corporations organized under this Act, the sum of
twenty cents on every one hundred dollars thereof,
to be applied in augmentation of the " Free School
Fund" of this State, and for the effectual collec-
tion of the said tax, the President, or other proper
officer of such banking institution, shall make out
and deliver to the assessors of the proper county
or city, annually, an account of the stock in such
corporation, and the same shall be valued at its
actual cash value, in the name of the respective
stockholders, and the taxes assessed on such stock
shall be levied and collected from said corporation,
and shall be charged to the account of the respec-