THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

consideration of the corporate privileges hereby grant-

CHAP. 313.

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

twenty cents on each one hundred dollars, as provided

for in the preceding section, a bonus of eighteen thou-

sand seven hundred and fifty dollars, in three equal

annual payments, the first of said payments to be made

within thirty days after the said bank shall have gone

into operation; and a fourth bonus on the capital which

the said hank 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 capi-

tal shall have been received by the said bank.

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

Failure to pay its notes, &c

said bank shall neglect or refuse to pay in gold and

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 persons

entitled to demand and receive such payment, shall re-

spectively receive and recover interest, on said bills,

Interest

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; Provided,

Proviso

and so far as the assets of said bank shall be sufficient

to pay, over and above the sum of its debts and com-

mon interest thereon, the said extra rate of interest;

Provided however, the power is reserved to this State

to revoke this charter, if any time the said bank refuses

or fails to pay specie for any of its notes.

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

As to rights of

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

off

bilis, obligations or money received on deposite, 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 re-

ceive as creditor, or as debtor to claim and set off such

parts of the sum of its assets as shall be actually dis-

tributable and payable to such creditor or debtor, at

the time when such claim or demand may be made;

Provided, the concerns of said bank shall be or become,

Proviso

before any such demand is made, or set off attempted