clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 2405   View pdf image (33K)
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

BANKS

            INDEX TO THE LAWS.

—Such banks may be relieved therefrom by paying
annually 15000 dollars in advance,
—Penalty on the officers offending against this act,
and on persons having any agency in circulating notes 
as aforesaid not stamped,
—This act to be in force after the first of May 1818,
    The Savings Bank of Baltimore incorporated,
    Any person holding a note of a bank of this state under
50 dollars, may on demand, and refusal or neglect
to pay, recover judgment for the same before a justice
of the peace,
—Directions as to the proceedings,
    Any bank neglecting or refusing to pay its debts, to
pay interest from the time of demand, &c.
    On application to a county court, on affidavit stating
a refusal to pay specie, scire facias may issue to shew
cause why the charter should not be forfeited,
—The court empowered on investigation so to adjudge,
—On such judgment commissioners to be appointed,
and an order made on the president, &c. to deliver up
the books and property,
—The court to determine the manner of proceeding
by the commissioners, collecting debts to the bank, attending
to the interests of creditors, &c.
—Bond with security ti be given by the commissioners,
—Suits may be brought thereon by persons aggrieved,
    Officers or directors refusing to deliver up any books
or property, liable to suit and treble damages,
    The commissioners may recover debts due to the
bank in its corporate name,
    A commission not exceeding 5 per cent. to be allowed
such commissioners,
    This act not to be in force until after the first of January,
(1820) in relation to any bank which regularly 
paid specie for its notes from the first day of May to
the first day of October, (1818,)
    In payment of any debt to, or judgment obtained by,
any bank in this state, or by the commissioners, the
notes of the bank shall be received in payment at the
full value expressed,
    A bank established by the name of The North and
South Branch Bank of Potomac, at Old Town, Allegany
county,
    Declared unlawful for any president, director, &c. of
a bank, to deal in buying or selling or exchanging any
bank notes of this state, for less than their nominal
value, or to employ for that purpose any broker, &c.
—On conviction of a violation, the forfeiture to be
double the amount of the notes,
—Same as to other persons or corporations,
    Incorporated banks excepted from the prohibition of
buying coin for a higher sum in notes,
    Declared unlawful for any of the banks, or their officers,
to sell or dispose of any gold or silver coined, for
a price more than the standard value,
—The offender to forfeit double the amount,
    Forfeiture for demanding of any bank gold or silver
to make sale thereof, or obtain a premium,
    The courts to consider this act remedial, &c. in the
construction thereof,
—They may compel any party in the transaction
prohibited, to give evidence, but no evidence so given
to be used against him in any trial for the like offence,
    All forfeitures or penalties accruing to be recovered
by action of debt, in the name of the state and the informer,
or by indictment, one half to go to the informer,

Session.  Ch. S.
 

  1817      156    1
 

 ——        —    2
 ——        —    3
  1818        93
 

 ——       177    1
 ——        —    2

 ——        —    3

 ——        —    4
 ——        —    5
 

 ——        —    6
 

 ——        —    7
 ——        — —
 ——        —    8

 ——        —    9

 ——        —  10

 ——        —  11
 

 ——        —  12
 

——        —  13
 

 ——      186
 

 ——      191    1

 ——        — —
 ——        —    2

 ——        —    3

 ——        —    4
 ——        — —

 ——        —    5

 ——        —    6

 ——        —    7
 

 ——        —    8


 
 
 

 
clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 2405   View pdf image (33K)   << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 16, 2024
Maryland State Archives