THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

SEC. 23. And be it enacted, That at any time here-

after, the notes or issues of this corporation, common-

CHAP. 341.

Issues may be re-

ly called and known as bank notes, may be restricted

stricted

by the Legislature, to a denomination not less than

that of the notes or issues of any other incorporated

hank within the State, the lowest denomination of

whose notes shall be above five dollars.

SEC. 24. And be it enacted, That if all the capital

Coondition of open-

stock of the said bank shall not he subscribed upon the

ing books for stock, &c.

opening of the books by the commissioners, but enough

be taken to entitle the said bank to go into operation,

then the president and directors from time to time

shall cause books to be opened until the whole number

of shares shall be subscribed for.

SEC. 25. And be it enacted, That on the first Mon-

20 cents on $100

day of January, subsequent to the organization of the

school tax

said bank and on the same day annually thereafter, the

said bank shall pay or cause to be paid to the Treasu-

rer of the Western Shore, of the State of Maryland,

the .sum of twenty cents on every hundred dollars of

the capital of said bank then actually paid in, whether

in money or real estate, to he applied by said treasu-

rer in augmentation of the free school fund of the State,

in the same manner as the. similar tax paid by the

other incorporated hanks in the city of Baltimore, is

now applied, and in case of the failure of said bank to

make such payment, for the space of six months after

the same shall have been payable, this charter shall be

forfeited and shall be deemed null and void.

SEC. 26. And be it enacted, That the said corpora-

Bonus

tion or the president and directors thereof, shall in

consideration of the corporate privilege hereby grant-

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

twenty cents on each one hundred dollars, as provided

for in the proceeding section, a bonus of eighteen thou-

sand seven hundred and fifty dollars, in three equal

annual payments, the first of said payments to be made

within thirty days after the said bank shall have gone

into operation, and a further bonus on the capital,

whether in money or real estate, which the said bank

shall at any time have over or above the sum of five

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