1835.

LAWS OF MARYLAND.

CHAP. 317

the money, and the said bank may prescribe the mode

Regulate transfre

in which the said bonds or scrip shall be transfered

of bonds

and assigned, and are hereby authorised and directed

to receive such evidences of ownership, and be govern-

ed by such rules, respecting the transfers of the bonds

of said hank, as are, received and adopted under the

authority of the United States, for transferring fund-

ed debt of the, United Slates.

Stockholder may

SEC. 14. And be it enacted, That any stockholder

pay up

may at any time, pay up the estimated value of his

And require ten-

real estate in money, and require a re-conveyance, of

veyance

the same; and the said president and directors shall

As to withdrawing conveyance

also have power to permit any stockholder to withdraw

in whole or in part, the real estate which he shall have

conveyed to the bank, and take a re-conveyance there-

And giving other

for, upon his executing and delivering to the said bank,

a conveyance as herein before directed of other real

estate, within the city of Baltimore, which the presi-

dent and directors shall be satisfied, is of equal value,

Proviso

with that held by the bank; Provided however, that it

shall not be obligatory upon the bank to make such

Proviso

change or substitution; and provided also, that in all

cases where it shall be permitted by the bank, or

where the stockholder shall elect to pay up his stock

in money, and withdraw his real estate, there shall be

paid one per cent upon the estimated value of the pro-

perty so withdrawn, to be set apart and constitue a

contingent fund for the general purposes of the bank.

Appropriation of

SEC. 15. And be it enacted, That in all cases where

money paid up

a stockholder shall have elected to pay up his stock

in money, it shall be the duty of the president and di-

rectors to loan out all such money upon the security of

real estate, and within the city of Baltimore, and shall

always keep the said money so employed.

In three years five

SEC. 16. And be it enacted, That at the expiration of

persons to be ap-pointed to exam-

three years from the time the said bank shall com-

ine

mence its operation, aid at the end of every three years

thereafter, the Governor and Council shall appoint five

Two practical me-chanics

persons, two of whom shall be practical mechanics, to

examine and estimate the real estate held by the bank,

Report on oath

and make a report upon oath, showing the state and

condition of such property, and their opinion of its ac-