1835.

LAWS OF MARYLAND.

dollars, divided into shares of twenty-five dollars

CHAP. 298

each, and shall consist of the shares of stock that

shall be allotted as is hereinbefore provided, and of

such other shares of stock as shall be subscribed for and

allotted as hereinafter provided; and it is hereby

Valuaton of estate

further enacted, that the value of the estate of the

aforementioned institution, shall be ascertained and cer-

tified to the treasurer of the Western Shore of

Maryland, by such persons as lie shall appoint to

ascertain and report thereon to him; and it shall not

be lawful for the president antl directors of said bank

to estimate any portion of said estate, which shall he

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

with the members of said institution, 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

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

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 Eastern Bank, hereby incorporat-

Books to be opened

ed: and they or a majority of them shall cause books .

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

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 published in the city of

Baltimore, and in such other newspapers 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 Sun-

day, from ten o'clock, A. M. until two o'clock, P.

M. and if at the expiration of that period, subscrip-

tions to the said capital stock shall not have been ob-

tained to the amount of ten thousand shares, the said

commissioners or a majority of them, may cause the

said books to be opened from time to time, after the

expiration of said six days, upon again giving the no-

tice hereinbefore required, for the space of twelve

Months thereafter, unless the said amount be sooner

subscribed; and if that amount of shares shall not