T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1861.

SEC, 2. And be it enacted, That no bank shall
issue, or pay out notes or certificates of deposit of
less denomination, than one dollar, to an amount
greater than ten per cent, of their capital actually
paid in; provided, that any bank may issue such
notes to the amount of five thousand dollars.

CHAP. 12.

Denomina-
tion.

Proviso.

SEC. 3. And be it enacted, That the issue is not
to continue beyond sixty days, after the session of
eighteen hundred and sixty-four.

The issue to
continue.

SEC. 4. And be it enacted, That the provisions of
this act is to extend only to such Banks and Insti-
tutions, as now possess the right of issue.

Provisions
to extend.

SEC. 5. And be it enacted, That this act shall
take effect from and after the date of its passage.

In force.

CHAPTER 12.

AN ACT to amend the one hundred and fifty-first
and the one hundred and fifty-fourth sections, re-
lating to the Schools of Talbot county, of Article
twenty of the Code of Public Local Laws, and to
add new sections thereto.

Passed May
7, 1861.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the one hundred and fifty-first
and the one hundred and fifty-fourth sections of Ar-
ticle twenty of the Code of Public Local Laws re-
lating to the schools of Talbot county, be and the
same are hereby repealed, and the following en-
acted, as a substitute, therefor:

Repealed.

SEC. 2. The County Commissioners of Talbot
County shall levy annually an amount of money
necessary to be applied to the purposes of Primary
Schools, including the salaries of teachers, books,
stationery and fuel, and all incidental expenses
not exceeding thirty cents upon a hundred dollars
of the taxable property.

Annual levy.