186

LAWS OF MARYLAND.

notes issued by authority of this charter, and notes

of other banking institutions received at their par

value by the banks so paying them out.

To pay tax on

R. That iu addition to the general assessments for

capital.

the purpose of State and municipal taxation there

shall be annually levied and collected on the shares

of the capital stock of the bank the sum 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 officer of this bank

shall make out and deliver to the ascessors of Bal-

timore city annually an account of the stocks in

this corporation, and the same shall be valued at

its par value in the name of its respective stock-

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

stock held by said stockholders respectively, whether

resident or non-reaident within this State.

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

Neglect or re-

corporation shall neglect or refuse to pay in gold

fusal to pay in

or 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 legal interest

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

the same shall be fully paid and satisfied, from the

time of such demand.

SEC. 12. And be it enacted, That the continuance

Conditions.

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

shares of stock in this corporation for all its debts

and liabilities upon note, bill or otherwise, and upon

the further condition that this act and every part of

it may be altered from time to time or repealed by

the Legislature.

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

Suspend active
operations.

and Directors should, at any time, suspend the active

business operations or workings of the corporation,

and a majority of the stockholders in general meet-

ing assembled, determine to close the banking