| 1817.
CHAP. 20.
Proviso. |
LAWS OF MARYLAND.
branches of education as they shall think proper and suitable to be
taught therein; and to make fundamental ordinances or regulations
for the good government of the said academy, and the instruction
of the scholars as aforesaid; and by their ordinances to appoint
such number of their own body, not less than five, as they may
think proper, to be a quorum, or committee, for transacting all
general necessary business of the seminary, and making temporary
rules for the management thereof; and also by the said ordinances
to delegate tot he professors and teachers such powers and authorities
as they shall think expedient for the standing government
and discipline of the said seminary, and the execution of the regulations
thereof; and also by the said ordinances to make such regulations
for the directions, visitations and examination, of the said
seminary, and the students and scholars therein, as shall best promote
the important objects of the institution; Provided always,
that the said ordinances be not repugnant to the constitution and
the laws of this state. |
| Powers of trustees. |
7. AND BE IT ENACTED, That the said trustees,
and their successors,
or a majority of them, shall meet at least twice in every
year, in stated semi-annual meetings, to be appointed by their own
ordinances, and at such other times as by their own ordinances, or
by their own adjournments, they may direct; and when so assembled,
they shall have power from time to time to appoint a president,
treasurer and secretary; to make contracts with teh professors
or teachers relative to the instruction of the scholars to be
placed under their care, and for the payment of their salaries; to
examine the progress of the students and scholars in their learning;
to hear and determine on all complaints and appeals, and upon
all matters touching the discipline and government of the said academy,
and the execution of their ordinances; and generally to
manage the estate and concerns of the said seminary in such manner
as they shall deem best for the advancement and advantage of
the institution. |
| Repeal. |
8. AND BE IT ENACTED, That any matter, clause
or thing, contained
in any former act or acts of assembly, inconsistent with, or
repugnant to, the provisions of this act, be and the same is hereby
repealed. |
|
_____
|
Passed Jan. 6, 1818. |
CHAP. XXI.
An Act to establish a Bank, and Incorporate a Company, under the
name of The Centreville Bank of Maryland. Lib.
TH. No. 5, fol.
496. |
| Preamble. |
WHEREAS, a number of the citizens of Queen-Anne's
county have
prayed that a bank may be established in the town of Centreville,
in said county; therefore, |
| Bank to be established. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
a bank to be called and known by the name of The Centreville Bank
of Maryland, shall be established in the town of Centreville in
Queen-Anne's county. |
| Capital. |
2. AND BE IT ENACTED, That the capital stock
of this bank shall
consist of two hundred thousand dollars, money of the United States,
divided into eight thousand shares of twenty-five dollars each; the
whole of the capital stock, at all times paid in, to consist of specie. |
Subscription books
to be opened. |
3. AND BE IT ENACTED, That the books for the
subscription of
the said stock shall be opened at Centreville, and at such other |
|
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