ART. 11] FUNDAMENTAL ARTICLES. 311

applied by the said treasurer in augmentation of the free school
fund of the State. But the capital stock of every bank incor-
porated by this State shall remain subject to all other taxes
imposed or to be imposed for State or municipal purposes,
upon the capital stock of corporations incorporated under the
laws of this State.

1888, art. 11, sec. 24. 1870, ch. 206, sec. 8.

26. If at any time any of the said corporations shall neglect
or refuse to pay, in gold and silver, or lawful money of the
United States, any of its notes, bills, obligations or money
received on deposit, in violation of the contract, promise or
undertaking of said corporation, the person or persons entitled
to demand and receive such payment shall respectively receive
and recover interest on said bills, notes, obligations and deposits,
until the same shall be fully paid and satisfied, at the rate of
six per cent, per annum, from the time of such demand.

Ibid. sec. 25. 1870, ch. 206, sec. 9.

27. If the said corporation shall neglect or refuse to pay as
aforesaid, any of its notes, bills, obligations or money received
on deposit, the holder of such note, bill or obligation, or the
person or persons entitled to demand and receive such money,
shall be respectively entitled only to demand and receive, as
creditor or as debtor to claim and set off, such part of its assets
as shall be actually distributable and payable to such creditor
or debtor, at the time when such claim or demand may be made.

Ibid. sec. 26. 1870, ch. 206, see. 10.

28. If the said corporation shall, at anytime, suspend its
payments, the assets which said corporation may hold or be in
any wise entitled to at the time of such suspension of payment
shall be ratably distributed to and among all the persons who
shall be its creditors at such time, and to their assigns,
respectively.

Ibid. sec. 27. 1870, ch. 206, sec. 11.

29. The continuance of the said several corporations shall
be on the condition that the stockholders and directors of each
of said corporations shall be liable to the amount of their
respective share or shares of stock in such corporation, for all
its debts and liabilities upon note, bill or otherwise; and upon
this further condition, that this article and every part of it may
be altered from time to time, or repealed, by the legislature.

Colton v Mayer, 90 Md. 712.