| NOV. 1812.
CHAP. 79. |
LAWS OF MARYLAND.
said road shall revert to the state, and this act shall cease to operate
and have effect.
This section altered and supplied by the 6th section of
December 1813, ch. 122. |
Treasurer may demand
payment. |
9. AND BE IT ENACTED, That if the several
banks in this state
shall elect and bind themselves to pay the said sum of twenty
thousand dollars, it shall be the duty of the treasurer of the western
shore to demand of the said banks their respective quota of
the said sum, on the first day of January in each and every year,
during the continuance of this act, after the first day of January
eighteen hundred and fifteen.
This section being repugnant to and
inconsistent with December 1813, ch. 122,
s. 7, is repealed by section 13 of that act. |
Banks not subscribing
before
October 1, 1813,
this act to cease. |
10. AND BE IT ENACTED, That if the several
banks in this state
shall not, on or before the first day of October next, elect and bind
themselves to pay to the treasurer of the western shore the said
sum of twenty thousand dollars, in the proportion aforesaid, and
the said banks in the city of Baltimore and Washington county
shall not, on or before the first day of October next, subscribe for
as much stock as will complete the road aforesaid, in the manner
prescribed by the act of November session eighteen hundred and
four, chapter fifty-one, then this act shall cease to operate and have
effect.
This section being repugnant to and
inconsistent with the 7th and 8th sections
of December 1813, ch. 122, is repealed by section 13 of that act. |
Bank not complying
with terms of
this act, charters
not to be extended. |
11. AND BE IT ENACTED, That should any of
the said banks
refuse or neglect to come into the terms hereby proposed, the charter
of such banks shall not be extended by this act, the benefit and
advantages of such extension to be enjoyed only by such banks as
comply with the terms herein mentioned.
This section altered and supplied by
section 8 of December 1813, ch. 122. |
Faith of the state
pledged. |
12. AND BE IT ENACTED, That upon any of the
banks in this
state complying with the condition of this act, the faith of the
state is hereby pledged not to impose any further tax or bonus on the
said banks, during the continuation of their charters under this act.
This section altered and supplied by
section 11 of December 1813, ch. 122. |
Presidents of the
banks coming into
the terms of this
act may open subscription
books. |
13. AND BE IT ENACTED, That the president
or presidents of
such banks as determine to come into the terms by this act proposed,
or a majority of them, are hereby authorised to open, or cause
to be opened, in the city of Baltimore, books for the purpose of
receiving subscriptions for said stock, and to do all other matters
and things necessary to carry this act into operation, and shall use
and possess the said necessary powers until the said company is
organized, and until they are superseded by the appointment of directors
under this act.
This section altered and supplied by
the 3d section of December 1813, ch. 122. |
|
_____
|
Passed Dec. 17. |
CHAP. LXXX.
An Act to incorporate a Company under the name of The Managers
and Directors of the Elkton Library Company. Lib.
TH. No. 3,
fol. 423. |
| Preamble. |
WHEREAS it hath been represented to this general
assembly, that
the establishment of a public library in the town of Elkton, in Cecil
county, would tend very much to the diffusion of useful knowledge;
therefore, |
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