HENRY LLOYD, ESQUIRE, GOVERNOR.

or individual assigning the same, and may en-
force any covenant or stipulation in the same,
and forclose, assign or release the same as
fully and effectually as the assignor could have
done.

SEC. 27. And be it enacted, That the continu-
ance of said corporation shall be oh condition
that stockholders thereof shall be liable to the

675

amount of their respective share or shares of
its capital stock for all its debts and liabilities
upon note, bill or otherwise, and upon this
further condition, that this act and every part
of it may be altered from time to time or re-
pealed by the Legislature.

SEC. 28. And be it enacted, That if the cor-
poration shall, at any time, suspend its pay-

Condition.

ments, the assets which the corporation may
hold or be in anywise 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.

SEC 29. And be it enacted, That if the Presi-
dent and Directors should at any time suspend
the active business operations or workings of
said corporation, and a majority of the stock-
holders, in general meeting assembled, deter-

Suspension.

mine to close the banking operations, thence-
forth it shall not be lawful for the corporation
to resume the exercise of its banking powers
and franchises, but the same shall be closed,
and, after the payment of its debts and liabili-
ties, the remaining assets and property of the
corporation shall be divided pro rata among
the stockholders or their assigns.

Discontinue.

SEC. 30. And be it enacted, That the General
Assembly of Maryland hereby reserves to itself
the right to alter, amend or repeal this act at
its pleasure.

SEC. 31. And be it enacted, That any and all
laws of this State inconsistent with the pro-

Reservation.