1835.

LAWS OF MARYLAND.

due on the stock for which he has subscribed, or of

CHAP. 222.

which he has become the owner, or any instalment

thereof, at the time and place prescribed by the Presi-

dent and Directors, it shall he lawful for the company

in any court of record in this State, to recover from

any delinquent stockholder, or his, or her representa-

tives, the amount that may he due from him, her or

them, respectively, to said company, and thai such

delinquents shall receive no dividend, nor shall have

power to transfer or vote upon his or her stock until

the whole amount of subscription, or such parts there-

of as may have been called for, shall have been paid,

with the interest which shall have accrued thereon,

from the time or times at which such payment or pay-

ments should have been made.

Banking forbid

SEC. 9. And be it enacted, That nothing in this act

shall be so construed as to authorise the aforesaid com-

pany to make, issue, or put into circulation, any nego-

tiable note or notes, payable to bearer, or any note or

notes, in the nature of a Bank note.

Limit 1860

SEC. 10. And be it enacted, That this act shall be

and remain in full force and effect until the year eigh-

teen hundred and sixty, and until the end of the next

General Assembly that shall happen thereafter, or un-

til its charter is revoked by the Legislature of Mary-

land, which right of revocation is hereby reserved to

the State.

Case of excess of

SEC. 11. And be it enacted, That if the company

Obligations

shall at any time incur debts to more than double the

amount of their capital paid in, and assets in hands,

then this charter shall be forfeited and the stockhol-

ders who may be directors at the time of excess, shall

be responsible in their individual capacities, except

such as shall have their dissent entered on the books

or minutes of the company, within thirty days after

such excess shall take place.