WM. PINKNEY WHYTE, ESQUIRE, GOVERNOR. 347
upon note, bill, or otherwise, and upon the further
condition, that no director or other officer of said
corporation, shall borrow any moneys from said cor-
poration, and if any director or other officer shall be
convicted upon indictment of directly or indirectly
violating this section, he shall be punished by a fine
or imprisonment, at the discretion of the court, and
upon the further condition that this Act and every
part of it may be altered from time to time, or re-
pealed by the Legislature.
SEC. 12. And be it enacted. That if the President and
Directors or a majority of the stockholders in general
meeting assembled, of the banking institution incor-
porated under this Act, shall at any time determine
to close its banking operations, thenceforth it shall
not be lawful for such corporation to resume the
exercise of its banking powers and franchises, but
the same shall be closed, and after the payment of its
debts and liabilities, the remaining assets and pro-
perty of said corporation, shall be divided amongst
the stockholders or their assigns.
SEC. 13. And be it enacted, That this Act shall take
effect from the date of its passage.
Approved April 1, 1872.
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Officers not
to borrow the
funds.
Close bank'g
operations.
In force.
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CHAPTER 222.
AN ACT to incorporate the German American
Bank of Baltimore.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That William Schwarz, Charles Cron-
hardt, Alexander Y. Dolfield, Conrad Gunther,
Henry Smith, Simon Stern, John Hertel, John G.
Mann, F. F. Holthaus, John B. Wentz, Levi Straus
and Louis Ehrman, and their successors in office, be
and they are hereby constituted and made a body
corporate and politic under the name and style of
the " German American Bank of Baltimore."
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Incorporated
Name.
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