THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

ral daily newspapers published in the city of Baltimore,

CHAP. 317.

of the time and place of holding the annual elec-

tion of directors; and may appoint, the judges of such

elections.

SEC. 19. And be it enacted. That on the first Mon-

Pay 20 cts. on $ 100

day of January, subsequent to the organization of

School tax

the said hank, and on the same day annually thereafter,

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

treasurer of the Western Shore of the State of Mary-

land, the sum of twenty cents on every hundred dollars,

whether in money or real estate, of the capital of said

bank, then actually paid in; to be applied by said trea-

surer 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 Baltimore, is now

applied; and in case of the failure of the said bank to

On failure to forfeit

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.

SEC. 20. And be it enacted, That the said corpora-

Bonus

tion, or the president and directors thereof, shall in

consideration of the corporate privileges hereby grant-

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

twenty cents on each one hundred dollars, as provi-

ded for in the preceding section, a bonus of thirty-

seven thousand five hundred dollars, in three equal

annual payments, the first of said payments to be made

within thirty days after the said hank shall have .gone

into operation, and a further bonus on the capital

which the said hank shall at any time have over or

above the money portion thereof, 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 capital

shall have been received by said hank.

SEC. 21. And be it enacted, That if at any time the

On failure, light to

said bank shall neglect or refuse to pay in gold and

interest

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-

65