THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835,

establish and put in execution, such by-laws, ordinan-

CHAP. 315.

ces and regulations, as shall seem necessary and con-

venient for the government of the said corporation, the

same not being contrary to law, or the provisions of

this act, and generally, to do and execute all and sin-

gular such acts, matters and things, as a corporation

or body politic may and can lawfully execute.

SEC. 3. And be it enacted, That if a greater num-

Reduction of sub-

ber of shares shall be subscribed to the capital stock

scription

of said bank than is authorised by this act, the com-

missioners above named, or a majority of them shall

reduce the subscription in such manner as they shall

deem equitable, but without reducing any subscription

But not of the

which may have been made thereto by the Treasurer

State's

of the Western Shore of Maryland, as trustee, or on

behalf of this State; and provided, that if the subscrip-

tions made in either of the counties of this State, by re-

sidents thereof for their own accounts, shall not exceed

sixteen thousand five hundred dollars, and in either of

the cities aforesaid, other than the city of Baltimore, by

residents of the State in which said cities are respec-

tively situated, for their own account shall not exceed

sixty-five thousand dollars, there shall be no reduction

of such subscriptions; and in case any subscriber shall

have paid a greater sum of money at the time of sub-

scribing, than at the rate of five dollars per share, on

the shares to him appropriated, the commissioners

shall only retain the sum required as the first payment

on these shares, and forthwith return the surplus on

To return surplus

application for the same to the persons lawfully en-

titled thereto; and upon every subscription there shall

Pay $5 per share

be paid at the time of subscribing, to the said commis-

sioners, or to their agents appointed to receive such

subscriptions, the sum of five dollars per share, and the

Commissioners to deposite

said commissioners shall deposite the money by them

or their agents received from the subscribers to the

capital stock of said bank, in some place of safe keep-

ing, and deliver the. same to the president and directors

of said bank or to their order, as soon as shall be re-

quired after the organization of the bank; and the said

Allowance to commissioners

commissioners shall be allowed all reasonable charges

and expenses incurred in the execution of their trust,