158

LAWS OF MARYLAND.

of twenty cents on every one hundred dollars thereof,

to be applied in augmentation of the free school fund

of this State, and for the effectual collection of said

tax the President or other proper officers of this bank-

ing company, shall make out and deliver to the as-

sessors of Baltimore city annually an account of the

stock in this corporation, and the same shall be

valued at its par value in the name of its respective

stockholders, and shall be a lien on the shares of the

stock held by said stockholders respectively, whether

resident or non-resident within this State.

SEC. 11. And be it enacted, That if any time this

corporation shall neglect or refuse to pay in gold

Neglect or re-
fusal to pay in

and silver, or lawful money of the United States,

gold.

any of its notes, bills, obligations or money received

on deposit, in violation of the contract, promise or

undertaking of this corporation, the person or per-

sons entitled to demand and receive such payment,

shall respectively receive and recover interest on

said bills, notes, obligations and deposits, until the

same shall be satisfied, at the rate of six per cent.

per annum from the time of such demand.

SEC. 12. And be it enacted, That if the corporation

Neglect to pay
notes, &c.

shall neglect or refuse to pay as aforesaid any of its

notes, bills, obligations or money received on de-

posit, the holder of such note, bill or obligation, or

the person or persons entitled to demand and receive

as creditor or as debtor to the claim and set off such

part of the sum of its assets as shall be actually dis-

tributable and payable to such creditors or debtors

at the time when such claim or demand may be

made.

SEC. 13. And be it enacted, That if the corporation

Suspend pay-

shall, at any time, suspend its payment, the assets

ments

which the corporation may hold or be in any wise

entitled to, at the time of such suspension of pay-

ment, shall be ratably distributed to and among all

the persons who shall be its creditors at such times

and to their assigns respectively.

Open to inspec-
tion

SEC. 14. And be it enacted, That the continuance

of the corporation shall be on the condition that the

stockholders and directors of this corporation shall

be liable to the amount of their respective share or