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EDWARD LLOYD, ESQUIRE, GOVERNOR.
the other half to him or them who shall sue for the same, to be
recovered in like manner as other fines and forfeitures. |
1810.
CHAP. 50. |
3. AND BE IT ENACTED, That nothing in this
act shall be construed
to hinder any ordinary keeper or licensed retailer, from selling
liquors and other things in their respective dwelling-houses or
stores. |
Not to hinder ordinary
keepers
from selling liquors. |
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CHAP. LI.
An Act to establish a Bank, and incorporate a Company, under the
name of The Elkton Bank of Maryland. Lib.
TH. No. 2, fol. 477.
Supplements, 1811, ch. 163; 1815, ch. 148; 1816, ch. 39. |
Passed Dec. 23. |
WHEREAS it is the opinion of this general assembly
that the
agricultural, commercial and manufacturing interested of this state,
will be promoted by the establishment of a bank at Elkton, in Cecil
county; therefore, |
Preamble. |
2. BE IT ENACTED, by the General Assembly
of Maryland, That
a bank, to be called and known by the name of The Elkton Bank
of Maryland, shall be established in the town of Elkton, in Cecil
county. |
Bank to be established. |
3. AND BE IT ENACTED, That the capital stock
of this bank
shall consist of three hundred thousand dollars, money of the
United States, divided into six thousand shares of fifty dollars
each, two thousand shares thereof shall be reserved for the use and
benefit of the state, to be subscribed for in such manner as the legislature
may direct. |
Capital. |
4. AND BE IT ENACTED, That books for the subscription
of
the said stock shall be opened at Elkton, and at such other places
in the county as may be deemed advisable, by the commissioners
herein after named, or any five or more of them, on a day to be
appointed for that purpose, and by them notified in the most public
places in the county, at least six weeks previous thereto, and the
commissioners who shall meet on the day so appointed for receiving
the said subscriptions, shall cause the said books to be
opened, at the place or places agreed upon, at ten o'clock in the
morning and continue the same open until five o'clock in the
afternoon, and if the subscription s shall exceed the number
reserved for the use and benefit of the county, then the said
commissioners are hereby authorised and directed, so to apportion
the shares subscribed among the several subscribers,
by proportional reduction, as may reduce the whole to the
number to be subscribed for, but if the said subscriptions shall not
be filled up on the first day, the said commissioners shall have power
to adjourn from day to day until the whole number of shares
shall be subscribed for; and at any time after the first day, when
the said subscriptions shall be complete, it shall be the duty of the
said commissioners immediately to close the books, and those only
who have actually subscribed previous thereto, shall be entitled to
the said stock; and it shall be the duty of Thomas W. Veazey,
William Ward, Joseph Couden, John Maslin, John Thomson,
Adam Whann, Frisby Henderson, William Alexander, James Sewall,
Levi Tyson, Thomas Howard, Daniel Sheredine, William
Howell, Samuel Hogg, Littleton Gale, Richard Simpson, Joseph
Harlin, John Nowland, David Cummings, John Creswell and
James L. Porter, or any five or more of them, to conduct every
operation of the proposed institution until they shall be superseded
by the appointment of directors. |
Book to be opened
for subscriptions. |
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