1835.

LAWS OF MARYLAND

CHAP 287.

ed, pay to the State of Maryland, in addition to the

twenty eents on each one hundred dollars, provided for

in the preceding section, a bonus of eighteen thousand

seven hundred and fifty dollars, in three equal annual

payments, the first of said payments to he made within

thirty days after the said bank shall have gone into

operation, and a further bonus on the capital which the

said bank shall at any time have over and above the

sum of five hundred thousand dollars, at and after the

rate of three dollars and seventy-five cents on each one

hundred dollars thereof, and which bonus shall be paid

on the first day of January next, after such capital

stock shall have been received by the said bank.

Failure to pay its notes, &c

SEC. 12. And be it enacted, That if at any time the

said bank shall neglect or refuse to pay in gold aud

silver, any of its notes, bills, obligations or any money

received on deposite, in violation of the contract, pro-

mise or undertaking of said bank; the person or per-

sons entitled to demand and receive such payment,

Extra interest

shall respectively receive and recover interest on said

bills, notes, obligations and deposites, until the same

shall be fully paid and satisfied, at the rate of twelve

per centum per annum, from the time of such demand;

Proviso

Provided, and so far as the assets of said bank shall be

sufficient to pay over and above the sum of its debt and

Power of revoca-tion

common interest; and provided, that this State reserves

to itself the power to revoke this charter, if at any time

the bank hereby incorporated fails to pay specie for

any of its notes.

Rights of debtor or creditor

SEC. 13. And be it enacted, That if the said bank

shall neglect or refuse to pay as aforesaid, any of its

notes, bills, obligations, or money received on depo-

site, the holder of such note, bill or obligation, or the

person or persons entitled to demand and receive such

money, shall be respectively entitled only to demand

and receive as creditor, or as debtor to claim and set

off, such parts of the sum of its assets, as shall be ac-

tually distributable and payable to such creditor or

debtor, at the time when such claim or demand may be

made.

Distribution of as-

SEC. 14. And be it enacted, That if the said bank

sets

shall at any time suspend its payments, the assets which