1350 LAWS OF MARYLAND.

States to an amount exceeding five thousand dollars, or to any
other State, or to any foreign prince or State, to any amount
whatsoever, without the previous consent of the Legislature.

SEC. 23. And be it enacted, That it shall not be lawful for
the said bank to make discounts in, or pay out any funds or
money other than gold or silver coin, the lawful currency of the
United States, and notes of other banking institutions received
at their par value by the banks paying them out...

SEC. 24. And be it enacted, That any time the said bank
shall neglect or refuse to pay in gold or silver, or lawful money
of the United States, any of its notes, bills or obligations or
money received on deposit, the person or persons entitled to
demand and receive such payment shall be entitled to demand
and recover interest on said notes, bills, obligations and de-
posits at the rate of six per cent, per annum from the time of
such demand until the same shall be fully paid and satisfied.

SEC. 25. And be it enacted, That the said bank may purchase
and take an assignment of any mortgage and hold the same,
with all the rights, powers and privileges of any building or
land association, or corporation, or individual assigning the
same, and may enforce any covenant or stipulation in the same,
and foreclose, assign or release the same as fully and effectu-
ally as the assignor could have done.

SEC. 26. And be it enacted, That the continuance of said
bank shall be on the condition that the stockholders thereof
shall be liable to the amount of their respective share or shares
of its capital stock for all its debts and liabilities, upon note,
bill or otherwise.

SEC. 27. And be it enacted, That if the bank shall at any
time suspend its payments, the assets which it may hold or be
in anywise entitled to at the time of such suspension of pay-
ments, shall be ratably distributed to and among all persons
who shall be its creditors at such times, or to their assigns,
respectively.

SEC. 28. And be it enacted, That if the president and direc-
tors should at any time suspend the active business operations
or workings of the said bank, and a majority of the stock-
holders in general meeting assembled determine to close the
banking operations, thenceforth it shall not be lawful for the
bank to resume the exercise of its banking powers and fran-
chise, but the same 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.

SEC. 29. And be it enacted, That the General Assembly of
Maryland hereby reserves to itself the right to alter, amend
and repeal this Act, at its pleasure.