1835.

LAWS OF MARYLAND.

CHAP. 341

the annual elections of directors, and may appoint the

Judges of election

judges of such election.

On failure, person

SEC. 19. And be it enacted, That if at any time

to recover interest

the said bank shall neglect or refuse to pay in gold and

silver, any of its notes, bills, obligations, or any

money received on tleposite, in violation of the con-

tract, promise, or undertaking of said hank, the per-

son or persons entitled to demand and receive such

payment, shall respectively receive and recover inter-

est on said bills, notes, obligations and deposites, un-

til the same shall be fully paid and satisfied, at the

rate of twelve per centum per annum, from the time

Proviso

of such demand; Provided, and so far as the assets of

said bank shall be sufficient to pay over and above the

sum of its debts and common interest thereon, the

Proviso

said extra rate of interest; Provided, the affairs of

said bank shall be or become in process of being

wound up for equitable distribution of its assets among

all its creditors before any such demand is made or set

off attempted.

Rights of debtors

SEC. 20. And be it enacted, That if the said bank

& creditors

shall neglect or refuse to pay as aforesaid, any of its

bills, notes, obligations or money received on deposit,

the holder of such notes, bills or obligations, or the

persons entitled to demand and receive such money,

shall be respectively entitled to demand and receive as

creditor to claim and set off such part of the sum of

its assets, as shall be actually distributable and paya-

ble to such creditor or debtor at the time when such

claim or demand be made.

Assets, how to be

SEC. 21. And be it enacted, That if the said bank

distributed

shall at any time suspend its payments, the assets

which said bank may hold, or be in any wise entitled

to, at the time of such suspensions of payment, shall

be rateably distributed to. and amongst all the persons

who shall be its creditors at such time and to their as-

signs respectively.

To act as commis-

SEC. 22. And be it enacted, That when required by

sioners of loans

law, the said bank, shall do and perform the several

respective and approprite duties of commissioners of

loans for this State, without charging or claiming any

allowance whatsoever for the same.