1835.

LAWS OF MARYLAND.

CHAP. 287.

and singular such acts, matters and things, as a cor-

poration and body politic may and can lawfully exe-

cute.

Capital stock

SEC. 3. And be it enacted, That the capital stock of

said bank shall be not less than five hundred thousand

dollars, nor more than one million of dollars, divided

into shares of twenty-five dollars each, and shall con-

sist of the shares of stock that shall be, allotted as is

hereinbefore provided, and of such other shares of

stock as subscribed for and allotted as hereinafter pro-

Valuation of estate

vided; and it is hereby further enacted, that the, value

of the estate of the aforementioned society, shall bo as-

certained and certified to the treasurer of the Western

Shore of Maryland, by such persons as he shall appoint

to ascertain and report thereon to him; and it shall not

be lawful for the president and directors of said bank

to estimate any portion of Maid estate, winch shall he

a part of the capital of said bank, in their settlements

with the proprietors of said society, at a higher price

or value than shall have been fixed thereon, by the per-

sons who shall have been appointed to value the same

by the said treasurer.

Commissioners for

SEC. 4. And be it enacted, That the President and

subscription

Directors of said Bank, be, and they are hereby ap-

pointed commissioners under the direction of a ma-

jority of whom subscriptions may be received to the

capital stock of the Western Bank, hereby incorporat-

Open books, &c.

ed; and they or a majority of them shall cause books

to he opened at such times in the city of Baltimore,

and at each of the county towns of the several coun-

ties in this State, and such other places, as they may

direct, for the purpose of receiving subscriptions to

the capital stock of said Bank, after giving at least

four weeks notice in all the daily newspapers publish-

ed in the city of Baltimore, and in such other newspa-

pers as they may think proper, of such times, places

and purpose; that upon the first opening of said books,

they shall be kept open from day to day, for six days

exclusive of Sunday, from ten o'clock, A. M. until

two o'clock P. M. and if at the expiration of that pe-

riod, subscriptions to the said capital stock shall not

have been obtained to the amount of twenty thousand