THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1835.

tual value at that time, and where it shall be consider-

CHAP. 317.

ed that any particular piece or parcel of property has

Report increase or

increased or diminished in value, the said commission-

diminuition

ers shall set forth in their report, the grounds and rea-

And grounds of

sons upon which their judgment of its increased or di-

opinion

minished value is founded; and whenever it shall ap-

pear from such report, that the property has diminish-

ed in value, it shall be the duty of the president and

Deficiency to be

directors, to require the stockholder from whom such

made up

property may have been received, to make up the defi-

ciency, either by a payment of money, or conveyance

of real estate within the city of Baltimore, and upon a

Penalty of failure

failure to make such payment or conveyance, the said

stockholder shall not have, or be entitled to receive any

Not entitled to dividends

dividend or interest upon his stock, until he shall com-

ply with the requisition, or until the dividends accru-

Until depreciation is made up

ing upon his stock, shall have amounted to a sum suf-

ficient to make up the estimated depreciation in the va-

lue of the real estate subscribed as aforesaid; and the

Transmit report to Treas. W. Shore

said commissioners shall transmit a copy of their re-

port and estimate to the treasurer of the Western

Shore, and shall be allowed a compensation not ex-

ceeding five dollars per diem, during the time they

shall be employed in making said estimate and report,

to be paid by said president and directors out of the

funds of the bank.

SEC. 17. And be it enacted, That upon the expira-

Two years to wind up the institution

tion of the period limited for the continuance of this

charter, the bank shall be allowed two years to wind

up and settle the concerns of the said corporation, and

when all the debts, contracts and obligations of every

nature and kind whatsoever, shall have been fully paid

and satisfied, it shall be the duty of the said president

Make conveyance

and directors to make or cause to be made and executed

conveyances in due form of law, to each particular

stockholder, his heirs, executors, administrators or

assigns, granting and reconveying to each stockholder

respectively, or to his legal representatives, the pro-

perty originally conveyed to the bank by such stock-

holder, and after each stockholder shall have thus re-

ceived back his real estate, the whole balance of the

balance to be divi-ded

capital and effects of the said bank, shall be divided