|
1835.
|
LAWS OF MARYLAND.
|
|
CHAP. 318
|
created, may respectively exonerate themselves from
|
|
|
being so liable, by forthwith giving notice of the fact,
|
|
|
and of their absence or dissent, to the Governor of the
|
|
|
State, and the stockholders at a general meeting
|
|
|
which they shall have power to call for that purpose;
|
|
|
and provided, nothing herein contained, shall he so
|
|
|
construed as to confer the power upon the president
|
|
|
and directors to pay interest upon monies deposited in
|
|
|
said institution.
|
|
Notes not under
|
ART. 22. All bills and notes which may be issued
|
|
leal
|
by order of the said corporation, .signed by the presi-
|
|
|
dent, and countersigned by the cashier thereof, promis-
|
|
|
ing the payment of in money to any person or per-
|
|
|
sons, his, her, or their order, or to bearer, though not
|
|
|
under seal of the said corporation, shall he binding
|
|
|
and obligatory upon the same, in like manner and with
|
|
|
the like force and effect, as upon any private person or
|
|
|
persons, if issued by him or them, in his or their pri-
|
|
Assignable
|
vate capacity or capacities, and shall be assignable
|
|
|
and negotiable in like manner, as if they were so issu-
|
|
|
ed by such private person or persons, that is to
|
|
|
say; those which shall be payable to any person or
|
|
|
persons, his, her, or their order, shall be assignable
|
|
|
by an endorsement, in like manner and with like ef-
|
|
|
fect, as foreign bilis of exchange now are, and those
|
|
|
which are payable to bearer shall be negotiable or
|
|
Proviso
|
assignable by delivery only; Provided, That it shall
|
|
|
not be lawful for said bank to issue notes of a less de-
|
|
|
nomination than five dollars.
|
|
20 cts. on $100
|
SEC. 14. Ajtd be it enacted, That on the first Mon-
|
|
School tax
|
day of January, subsequent to the organization of the
|
|
|
said hank, and on the same day annually thereafter,
|
|
|
the said bank shall pay or cause to he paid to the Treas-
|
|
|
urer of the Western Shore, 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 a
|
|
|
mentation of the free school fund of the State, to be
|
|
|
equally divided among the several counties of this
|
|
|
State, and paid over in equal proportions, and in such
|
|
|
manner as the Legislature may direct, and in case of
|
|
|
the failure of said bank to make such payment for the
|
|
|
space of six months after the same shall have become
|
