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William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 2403   View pdf image (33K)
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BANKS

            INDEX TO THE LAWS.

    The presidents and directors of the several incorporated
banks in the city of Baltimore, of the Hager's Town
Bank, of the Conococheague Bank, and of the Cumberland
Bank of Alleghany, incorporated, by the name
of The President, Managers and Company, of the
Cumberland Turnpike Road,
—The charters of those banks continued and extended
to the 1st of January 1835, and to the end of
the session of the general assembly next thereafter, on
condition of their subscribing stock to complete the
said road as therein mentioned,
—Subscription books to be opened in Baltimore, &c.
—Managers thereupon to be chosen, and a president,
treasurer, agents, &c.
—Appointments of managers confirmed,
    If the company should not commence the road
within the time therein limited, and complete the
same in 8 years thereafter, the right therein to revert
to the state, and the charters to expire,
    The several incorporated banks to pay annually to
the treasurer 20 cents on every 100 dollars of the capital
stock paid in,
—On neglect for six months, the banks to forfeit
their charters, &c.
—Exempted from the said annual tax on the payment of
200,000 dollars before the 1st of January 1816,
—The banks which did not comply with the requisition
absolved from the penalty, on compliance thereafter,
    The charters of such of the banks as complied with
this act to be renewed and continued until the year 1835,
&c.
—Such of them as agreed to the renewal on the terms
required, to transmit to the executive a certificate thereof
within the times therein limited,
—Such of them as might have accepted the terms,
or might accept them before the 1st of June 1815, to be
entitled to all the benefits, &c. in the act of 1812, ch. 79,
—The banks therein named stated to have transmitted
the certificate required, and their charters declared
to be continued and extended to the 1st of January 1835,
and to the end of the session of assembly next thereafter,
—Provided that they are not released from the terms 
and conditions prescribed by the act of 1813, ch. 122,
    The treasurer directed to invest in the stock of the
Commercial and Farmers Bank, and the Mechanics
Bank, money received in virtue of this act, with the
dividends thereof, as a fund for the establishment of
free schools,
    On the banks accepting and complying with the
terms, the faith of the state pledged not to impose any
further tax or burthen during the continuance of their
charters under this act,
    On acceptance, &c. by the banks required to make
the aforesaid road, the faith of the state pledged to the
banks in the city of Baltimore, not to grant a charter to
any other banking institution to be established therein
before the 1st of January 1835, &c.
    After the expiration of the charters of the several
banks, notes not to be issued less than five dollars or of
any denomination between five and ten,
—No renewal of a charter or grant thereof to a new
bank, to remove such prohibition, unless specially authorised,

    The City Bank of Baltimore incorporated, &c.

Session.  Ch. S.
 
 
 
 

  1813      122    1
 
 

 ——        —    2
 ——        —    3

 ——        —    4
  1815      115

  1813      122    6
  1814        76
 

  1813      122    7

 ——        — —

 ——        —  12

  1816        99

  1813      122    8
 

 ——        — —

  1814        76
 

  1815      167

 ——        — 

  1813      122    9
                        10
 
 
 
 

 ——        —  11
 
 

 ——        — —

  1812      134

 ——        —
 ——      180
  1814        39
  1815      221


 
 
 

 
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William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 2403   View pdf image (33K)   << PREVIOUS  NEXT >>


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