962 JOURNAL OF PROCEEDINGS [Mar. 23,

Which way adopted.

Mr. Merrick submitted the following amendment :

Add an additional Article, to be numbered Article 21.
That in addition to the general assessment for the purposes
of State and municipal- taxation, 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 hundred dollars thereof, to be applied
in augmentation of the Free School Fund of the State, and
for the effectual collection of the said tax, the President and
the other proper officers of said banking institutions shall
make out and deliver to the assessors of the proper county or
city annually an account of the State in such corporation, and
the same shall be rendered at its actual, cash rate in the name
of the respective stockholders, and the tax assessed on such
stock shall be levied and collected from said corporation, and
shall be charged to the account of the respective stockholders,
and shall be a lien on the shares of stock held by said stock-
holders respectively, whether resident or non-resident within
the State.

Which was adopted.

Mr. McLane submitted the following amendment:

Sec. 7, Article 7, add at the end: exceeding the rate of
four per cent, per annum.

Which was adopted.

Mr. McLane submitted the following amendment:

Sec. 13, strike out all after the word "Directors," in line
1, to the word "time," to the word "determine," in line 3,
and insert: should at any time suspend the active business
operations or workings of any banking institution incorpora-
ted under this Act, other than as now legally provided for,
and a majority of the stockholder in general meeting assem-
bled should.

Which was adopted, and the bill, as amended, read a
second time and ordered to be engrossed for a third reading.

Mr. Watkins moved that the House do now take a recess
until 7 1/2 o'clock this P. M.

On motion of Mr. Wiley,

The House, at 2 3/4o'clock P. M., took a recess until 8 o'clock
this P. M.