102

LAWS OF MARYLAND.

be and the same is hereby repealed and re-enacted

so as to read as follows :

4. That hereafter the annual meeting of stock-

holders for the election of officers for said company

shall be held on the first Wednesday of June, in

Annual meet-

each and every year, instead of on the first Monday

ing.

in December, as prescribed by the original charter,
and the officers of said company, for the time being,

shall be continued in office until their successors shall

have been chosen and have qualified.

Effective.

SEC. 2. And be it enacted, That this act shall take

effect from the date of its passage.

Approved March 25, 1860.

CHAPTER 68.

AN ACT to amend the charter of the Bank of

Commerce.

SECTION 1. Se it enacted by the General Assem-

bly of Maryland, That the shares in the capital

Par value of

stock of the Bank of Commerce be and they are

shares re-

hereby reduced in their par value from twenty dol-

duced.

lars per share to fifteen dollars per share, and that

the said shares be so estimated in any and all trans-

actions therein and estimates thereof.

SEC. 2. And be it enacted, That the reduction of

the shares in the capital stock of the Bank of Com-

merce, as provided in section first of this act, shall

not operate in any way whatsoever to repeal any act

Reduction

of the Legislature of Maryland heretofore passed in

only effective

relation to the Bank of Commerce, or to effect in any

way the rights, privileges or restrictions of the said

bank under any act or acts relating to the same, which

are each and all declared to be in full force and

effect, except simply as to the reduction of the par