1831.

LAWS OF MARYLAND.

CHAP. 307.

be lawful for said bank to issue notes of a less denomina-

tion than five dollars.

Annual statement

20th. The treasurer of the Western Shore, for the time

to be made to the
Treasurer W. S.

being, shall be furnished once every year, or oftener, if re-

quired, with a statement of the amount of the capital stock

of the said corporation, and of the debts due to and from

the same, of the amount of monies deposited therein, of

the notes in circulation, of the cash in hand, and of the

Inspection of pri-

profits made, and shall have a right to inspect such general

vate acts

accounts in the books of the bank as shall relate to the said

statements; but nothing herein contained .shall be construed

to imply a right of inspecting the account of any private

individual with the bank, nor shall such general statement

and power of inspection be used for any other purpose but

to enable him to form a just opinion of the state of the in-

stitution, relative to the public safety, and of the profits

thereof, over which he is hereby appointed guardian, as far

as the same relates to the state.

School tax.

Sec. 13. And be it enacted, That the said bank shall pay

to the treasurer of the Western Shore, the sum of twenty

cents upon the amount of every one hundred dollars sub-

scribed and actually paid in, for each and every year after

the first of May, eighteen hundred and thirty-three, during

the continuance of the charter of said bank, under this law,

which sum shall be, and hereby is pledged by the state, as

a fund for the support of free schools, to be equally divid-

ed amongst the several counties of this state, and paid over

in equal proportions to such persons in each county as the

legislature may hereafter appoint.

Limit of this act.

Sec. 14. And be it enacted, That this act shall continue in

force until the year eighteen hundred and forty five, and

to the end of the next session oi the general assembly

thereafter.

Shall not purchase

Sec. 15. And be it enacted, That it shall not he lawful for

up shares.

the corporation aforesaid to receive or accept of any of its

own shares of stock in payment of any debts, and if any

share or shares are so accepted, then and in such case, the

charter hereby granted shall immediately thereupon be for-

feited, and each director consenting to such acceptance shall

forfeit, for each share he consented to accept, the sum of

Penalty.

fifty dollars, the one half to the informer, the other half to

the state, to be recovered on indictment and conviction of

the party accused in the county court of the county where-

in the banking house of said institution is situated.