THOMAS W. VEAZEY, ESQTJIRE, GOVERNOR.

1835.

ordinances and regulations, as shall seem necessary

CHAP. 313.

and convenient for the government of the said corpora-

tion, the same not bcifig contrary to law, or the pro-

visions of this act; and generally to do and execute all

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

poration and body politic may and can lawfully exe-

cute.

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

Capital stock

of said bank shall be not less than five hundred

thousand dollars, nor more than one million of dol-

lars, divided into shares of twenty-five dollars 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 he subscribed for in

the manner hereinafter provided; and it is hereby

Valuaton of estate

further enacted, that the value of the estate of the

aforementioned company, shall be ascertained and cer-

tified 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 said estate, which shall be

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

with the proprietors of said company, 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.

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

Commissioners

Directors of said Bank, he, 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 Chesapeake Bank, hereby incorpo-

rated; and they or a majority of them shall cause hooks

Books to be opened

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-