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LEVIN WINDER, ESQUIRE, GOVERNOR.
succeeding payments thereafter be taken into consideration, and be
considered as a part of the capital contemplated under this act, and
upon the further condition that the said banks in the city of Baltimore
and Washington county, and the several banks in this state,
shall elect and bind themselves to pay into the treasury of the western
shore, the sum of twenty thousand dollars for each and every
year during the continuance of their respective charters as aforesaid,
under this law; the sum so as aforesaid to be paid by the said
banks, shall be in proportion to their respective capitals paid, or to
be paid in, and which sum as aforesaid shall be and is hereby
pledged as a fund for the purpose of supporting county schools.
This section being repugnant to, and
inconsistent with, December 1813, ch.
122, s. 2, 8, 9 and 10, is by section 13 of that act repealed. |
NOV. 1812.
CHAP. 79. |
4. AND BE IT ENACTED, That the said money
when so paid into
the treasury, shall be equally divided amongst the several counties
of this state, and shall be paid over, in equal proportions, to such persons
in each county as may hereafter be appointed by law, and authorised
to receive the same, for the purpose of supporting county
schools.
This section being repugnant to, and
inconsistent with, December 1813, ch.
122, s. 9 and 10, is repealed by section 13 of that act. |
Money how to be
divided. |
5. AND BE IT ENACTED, That as soon as the
stock aforesaid
shall have been subscribed, or an amount sufficient to commence
with, that then the president and directors of each of the several
banks so subscribing, shall choose one manager out of the stockholders
in their respective banks, for every twenty-five thousand
dollars worth of stock by them subscribed, leaving however to each
bank one manager should its proportion of stock not amount to that
sum; and said managers shall choose from among themselves a president,
and the said president and managers, or a majority of them,
shall appoint a treasurer, and such other officers as may be deemed
necessary, and shall hold their places until the annual election
on the first Monday in October thereafter.
This section being repugnant to, and
inconsistent with, December 1813, ch.
122, s. 4, is repealed by the 13th section of that act. |
Managers to be
chosen by the
banks. |
6. AND BE IT ENACTED, That in no place shall
this road rise
or fall more than will form an angle of five degrees with an horizontal
line.
This section supplied by December 1813, ch. 122, s. 5. |
Road not to rise or
fall more than will
form an angle of
five degrees. |
7. AND BE IT ENACTED, That where, in the opinion
of the
company, any part of the road will not require stoning, and can
at a diminished expense be placed in a situation to answer every
end of stoning, they may adopt such mode, and shall be entitled to
equal tolls from the same, as though it had been stoned, provided
it be kept in full, ample and sufficient repair, and made to answer
the end of travelling, equally with the other parts of said road.
See note to section 6. |
Parts not requiring
stoning. |
8. AND BE IT ENACTED, That if the before mentioned
company
shall not proceed to carry on the said work within eighteen
months from the passage of this act, and shall not complete the
same in eight years thereafter, in the manner prescribed by the
act aforesaid, and this act, the right of the said company to the |
If road is not completed
in eight
years, right to revert
to state. |
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