1356 LAWS OF MARYLAND.

SEC. 20. And be it enacted, That the shares of capital stock
of said bank shall be transferable on the books of the bank
only, according to such rules as shall be established by the
president and directors, but all debts actually due and payable
to the bank by a stockholder requesting a transfer of shares,
must be satisfied before such transfer shall be made.

SEC. 21. And be it enacted, That no loan shall be made by
the bank for the use of or on account of this State or the United
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. 22. 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. 23. And be it enacted, That if at 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 obliga-
tions or money received on deposit, the person or persons en-
titled to demand and receive such payment shall be entitled
to demand and recover interest on said notes, bills, obliga-
tions and deposits, 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. 27. And be it enacted, That if the president and direc-
tors should at any time suspend the active business opera-
tions or working 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 stock-
holders.

SEC. 28. 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, provided, however, that said
Company shall be subject to the provisions of Article 11 of the
Public General Laws of this State, title "Banks," and any
amendments thereof, and the liability of the stockholders there-
of shall at all times be determined by the laws of the State in
force at the time the said liabilities may attach.

SEC. 29. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 13, 1910.