LAWS OF MARYLAND

CHAP. 315.

to an amount exceeding one hundred thousand dollars;

nor to any foreign Prince or State, to any amount

whatever without the previous consent of the legisla-

To be personal

ture; and the capital stock and funds of the said bank

estate.

shall he deemed and taken to be personal and not real

estate,

Notice of election of Directors

ART. 19. The president and directors, for the time

being, shall give six weeks public notice in the several

daily newspapers published in the city of Baltimore,

of the time and place of holding the annual elections of

directors, and may appoint the judges of such elec-

tions.

Tax for free school

SEC. 8. And be it enacted, That on the first Monday

fund

of January, subsequent to the organization of the said

bank, and on the same day annually thereafter, the

said bank shall pay or cause to be paid, to the Treasu-

rer of the Western Shore of the State of Maryland, the

sum of twenty cents on every hundred dollars of the

capital of said bank then actually paid in, to be applied

by said treasurer in augmentation of the free school

fund of the State, in the same manner as the similar

tax paid by the other incorporated banks in the city of

On failure,to forfeit

Baltimore is now applied; and in case of the failure of

the said bank to make such payment for the space of

six months after the same shall have become payable,

this charter shall be forfeited and shall be deemed null

and void.

Bonus

SEC. 9. And be it enacted, That the said corporation,

or the president and directors thereof, in further con-

sideration of the corporate privileges hereby granted,

shall pay to the State of Maryland a bonus of seventy-

five thousand dollars on the said capital stock, the said

bonus to be paid to the Treasurer of the Western

Shore of this State, in three equal annual payments,

commencing for the first payment on the thirtieth day

after the said bank shall have gone into operation.

Interest against bank on failure

SEC. 10. And be it enacted, That at any time the

said hank shall neglect or refuse to pay, in gold and

silver, any of its notes, bills, obligations or any mo-

ney received on deposite, in violation of the contract,

promise or undertaking of said bank, the person or

persons entitled to demand and receive such payment,