1835.

LAWS OP MARYLAND.

said commissioners shall set forth in their report, the

CHAP. 341.

To report the

grounds and reasons, upon which their judgment of its

grounds of their opinion

increased or diminished value is founded; and when-

ever it shall appear from such report, that the proper-

ty has diminished in value, it shall be the duty of the

If diminished, de-

president and directors to require the stockholder from

ficiency to be made up

whom such property may have been received, to make

up the deficiency either by a payment of money or con-

veyance of real estate, within the city or county of

Frederick, and upon a failure to make such payment or

conveyance, the said stockholder shall not have, or be

entitled to receive any dividend or interest upon his

stock, until he shall comply with the requisition, op

until the dividend accruing upon his stock shall have

amounted to a sum sufficient to make up the estimated

depreciation in the value of the real estate subscribed

Transmit a copy to

as aforesaid, and the said commissioners shall trans-

treasurer

mit a copy of their report and estimate to the treasurer

Compensation

of the Western Shore, and shall be allowed a compen-

sation not exceeding five dollars per diem, during the

time they shall be employed in making said estimate

and report, to be paid by the said president and direc-

tors, out of the bank.

Two years given to

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

wind up

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

Convey to eat h

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

stockholder

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-

Balance to be divi-

ceived back his real estate, the whole balance of the

ded

capital and effects of the said bank, shall be divided

amongst the stockholders, in proportion to the amount

of their respective number of shares in the capital

stock of the said bank.