JAS. BLACK GROOME, ESQUIRE, GOVERNOR

119

on said bills, notes, obligations, and deposits, until

the same shall be fully paid and satisfied, at the rate

of six per centum per annum from the time of such

demand.

SEC. 26. And be it enacted, That the continuance of

said corporation shall be on the condition, that

stockholders thereof, shall be liable to the amount of

Condition

their respective share, or shares of its capital stock

for all its debts and liabilities upon note, bill, or

otherwise, and upon this further condition, that this

act, and every part of it may be altered from time to

time, or repealed by the Legislature.

SEC. 27. And be it enacted, That if the corporation

shall at any time suspend its payments, the assets

which the corporation may hold, or be in any wise

Suspend pay-
ments.

entitled to at the time of such suspension of pay-

ment shall be rateably distributed to, and among

all the persons who shall be its creditors at such time,

and to their assigns respectively.

SEC. 28. And be it enacted, That if the President

and Directors should at any time suspend the active

business operations or working of the said corpora-

Suspend active

tion, and a majority of the stockholders in general

operations.

meeting assembled determine to close the banking

operations, thenceforth it shall not be lawful for the

corporation to resume the exercise of its banking

powers and franchises, but the same shall be closed,

and after the payment of its debts and liabilities the

remaining assets and property of the corporation shall

be divided pro-rata among the stockholders or

their assigns.

SEC. 29. And be it enacted, That the General Assem-

bly of Maryland hereby reserves to itself the right

Reserved.

to alter, amend, or repeal this act at its pleasure.

SEC. 30. And be it enacted, That any and all laws

of this State, inconsistent with the provisions of this

Repealed

act be, and they are hereby repealed so far as they

apply to the Bank of Cambridge named in this act.

SEC. 31. And be it enacted, That this act shall take

In force

effect from the date of its passage.

Approved, March 25th, 1874.