1835.

LAWS OF MARYLAND

CHAP 289.

State to revoke this charter, if at any time the said

bank refuses or fails to pay specie for any of its notes.

Rights of debtor

SEC. 11. And be it enacted, That if the said bank

or creditor

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

notes, hills, 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

Proviso

made; Provided, the concerns of said bank shall be or

become before any such demand is made or set off at-

tempted, in process of being wound up for equitable

distribution of its assets among all its creditors.

Distribution of as-sets

SEC. 12. And be it enacted, That if the said bank

shall at any time suspend its payments, the assets which

said bank may hold, or be in anywise entitled to, at

the time of such suspension of payment, shall be rate-

ably distributed to, and amongst all the persons who

shall be its creditors at such time, and to their assigns

respectively.

Comissioner of loans

SEC. 13. And be it enacted, That whenever required

by law, the said bank shall do and perform the seve-

ral, respective and appropriate duties of commission-

ers of loans for this State, without charging or claim-

ing any allowance whatsoever for the same.

Offices of discount and deposits

SEC. 14. And be it enacted, That the president and

directors of the said corporation, whenever required by

law, shall establish not more than two offices of discount

and deposite on the Eastern Shore, and three on the

Western Shore, and shall allot to each of said offices

a capital that shall be at least equal to the sum origi-

nally Subscribed in and apportioned to the respective

counties, which said offices shall be severally designed

to accommodate, or which may be subscribed in pursu-

ance of any law requiring the establishment of such

offices, or either of them.

Issue of notes

SEC. 15. And be it enacted, That at any time here-

after, the notes or issues of this corporation, common-

ly called and known as bank notes, may be restricted