THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

they may direct, and when so assembled they shall

CHAP. 277.

have power from time to time to appoint a president,

Appoint officers,

treasurer and secretary to make contracts with the

&c.

professors or teachers relative to the instruction of the

scholars to be placed under their care, and for the pay-

ment of their salaries, to examine the progress of the

students and scholars in their learning, to hear and, de-

termine on all complaints and appeals, and upon all

matters touching the discipline and government of the

said academy, and the execution of their ordinances,

and generally to manage the estate and concerns of the

said academy, in such manner as they shall deem best

for the advancement and advantage of the institution.

CHAPTER 277.

A supplement to an act, entitled, an act to Incorporate the

Passed Mar. 25, 1836

Stockholders of the Franklin Bank of Baltimore.

SECTION 1. Be it enacted by the General Assembly of

If bank accept it become charter

Maryland, That if the president and directors of the

Franklin Bank of Baltimore shall, on or before the first

day of May next, pass and file with the Governor and

Council of Maryland, a resolution authorised at a ge-

neral meeting of the stockholders of said bank, of which

ten days' notice shall be given in all the daily newspa-

pers in the city of Baltimore, and under its common

seal, declaring its acceptance of this act, the following

provisions shall thenceforth be severally in full force

and form a part of the charter of said bank.

SEC. 2. And be it enacted, That the capital stock of

Capital may be

said bank may be augmented, if done within two years

augmented

from the passage of this act, in such manner and at

such times as shall be prescribed by the president and

directors of the said bank; Provided, always, that the

Limit

whole capital stock of said bank shall not at any time

exceed one million two hundred thousand dollars, and

that the same shall be divided into shares of twenty-

Shares 25 dollars

five dollars each, and that no part of said stock shall

originally be disposed of by the president and directors

of said bank, at a less price than the par of said shares.

44