750

LAWS OF MARYLAND.

assets which the corporation may hold, or be in

anywise entitled to at the time of such suspension.

Ratably dis-

of payment, shall be ratably distributed to and

tributed.

among all the persons who shall be its creditors

at such time, and to their assigns respectively.

SEC. 28. And be it enacted, That if the president

and directors shall at any time suspend the active

business operations or workings of the said cor-

poration, and a majority of the stockholders in

general meeting assembled, determine to close the

banking operations, thenceforth it shall not be

How the

lawful for the corporation to resume the exercises

bank may be

of its banking powers and franchises, but the same

closed

shall be closed, and after the payment of its debts

and liabilities, the remaining assets and property
of the corporation shall be divided pro rata among

the stockholders or their assigns.

SEC. 29. And be it enacted, That any and all laws

Inconsistent

of this State, inconsistent with the provisions of

laws repealed

this act, be and they are hereby repealed so far as

they apply to the Bank of Centreville, named in

this act.

Approved April 5, 1878.

CHAPTER 466.

AN ACT to divide the second election district of

St. Mary's county, and to create an additional

election district in said county, to be styled the

" Bay" or "Eighth Election District."

SECTION 1. Be it enacted by the General Assembly

of Maryland, That so much of the second election

district of St. Mary's county as lies on the northeast

Additional

side of the following lines shall be known as the

election dis-
trict.

"Bay" or "Eighth Election District;" that is to say,
beginning at the line of the third election district

where the same is intersected by what is known as