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Session Laws, 1861
Volume 526, Page 109  
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1861. INDEX.

   
 

CHAP.

SEC.

BANKS — The first, second, third, fourth,, fifth,

   

sixth, eighth and ninth sections of

   

Article twelve of the Code of Public

   

General Laws, relating to Banks,

   

suspended,

5

1

No corporation of this State, autho-

   

rized to issue notes for circulation,

   

subject to any forfeiture or penalty

   

for not redeeming such notes in spe-

   

cie before the eleventh day of March,

   

1862,

"

2

The 19th section of article 12 of the

   

Code of Public General Laws, repeal-

   

ed,

11

1

No bank to issue, or pay out notes or

   

certificates of desposit of less denomi-

   

nation, than one dollar, to an

   

amount greater than ten per cent, of

   

their capital actually paid in ; pro-

   

vided, that any bank may issue

   

such notes to the amount of five

   

thousand dollars,

"

"

The issue not to continue beyond sixty

   

days, after the session of 1864,

"

3

The provisions of this act to extend

   

only to such Banks and Institutions

   

as now possess the right of issue,

"

4

Act to take effect from its passage,

"

5

BALTIMORE CITY— The Mayor and City Coun-

   

cil of, authorized to raise and ap-

   

propriate at their discretion and in

   

the modes and at the times which

   

they may judge best, all moneys

   

whatsoever for the defense and pro-

   

tection of the city, and to provide

   

for the payment of the same by tax-

   

ation or otherwise, &c.,

1

 

Confirming and ratifying an ordinance

   

of the Mayor and City Council of, to

   

appropriate five hundred thousand

   

dollars, or so much thereof as may

   

be necessary for the defense of the

   


 
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Session Laws, 1861
Volume 526, Page 109  
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