THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

thington, Richard P. Snowden, Tristram S. Dorsey,

CHAP. 320

Charles S. Ridgely. George Cooke and C. D. Williams

be, and they are hereby appointed commissioners, un-

der the direction of a majority of whom subscriptions

may be received to the capital stock of said bank, and

Open books

they or a majority of them, may cause books to be

opened at such time or times, and place, or places, as

they may direct, for the purpose of receiving subscrip-

tions to the capital stock of said bank, after having gi-

ven at least three weeks' notice thereof, in one or more

of the public newspapers printed in the cities of Balti-

more and Annapolis, and that upon the first day of the

opening of the said books, they shall be kept open from

ton o'clock, A. M., until four o'clock, P. M., and if at

the expiration of that period, such a subscription of the

capital stock of said bank, as is necessary to its incor-

poration shall not have been obtained, the said com-

Re-open

missioners, or a majority of them, may cause the said

books to be afterwards opened, from time to time, for

the space of twelve, months, or until the sum necessary

to the incorporation of said bank, shall hare been sub-

scribed, and if any of said commissioners shall die, re-

Vacancy

sign or refuse to act before the execution of the duties

assigned to them by this act, another may he appoint-

ed in his stead by the remaining commissioners; and if

Reduction

on the first day of subscription, the number of shares

taken shall exceed the amount to be subscribed, the

larger subscriptions shall be reduced, and the shares

apportioned among the several subscribers, so that, if

practicable, no subscriber shall be excluded from a

participation in said stock.

SEC. 4. And be it enacted, That if on the day of sub-

Meeting of subscri-

scription as aforesaid, three thousand shares of the said

bers

capital stock shall have been subscribed, or if not, as

soon thereafter as the same shall have been subscribed,

the said commissioners, or a majority of them, shall

call a general meeting of the subscribers after giving

such notice thereof as they may deem proper, and at

such meeting they shall lay the subscription books be-

fore the subscribers present, and thereupon the said

Elect directors

subscribers, or a majority of them, shall elect by ballot

seven directors, who, with the president, by them