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 |