A. W. BRADFORD, ESQUIRE, GOVERNOR.

of stock in the corporation aforesaid as shall ap-
pear to be transferred upon the books of the cor-
poration within one year next preceding the meet-
ing at which it is offered to vote upon them.

43

Article 20. It shall not be lawful for the said
Banking institution, by this act incorporated, to
make discounts in or pay out any funds or money
other than the legal currency of the United States,
notes issued by authority of this act, and notes of
other Banking corporations, received at their par
value by the Bank.

Discounts ;
legal currency
&c.

Sec. 7 , And be it enacted, That on the first Monday
of January, annually, the said corporation shall
pay or cause to be paid to the Treasurer of the State
of Maryland the sum of twenty cents on every hun-
dred dollars of the capital stock of said corporation
then actually paid in, to be applied by the said

Annual pay-
ments for aug-
mentation ot
Free School
Fund.

Treasurer in augmentation of the Free School Fund
of the State ; and in case of the failure to make
such payment for the space of six months after the
same shall have become payable, this charter shall
be forfeited and shall be deemed null and void.

Penalty.

Sec. 8. That if at any time, unless duly authorized
by law, the said corporation shall neglect or refuse
to pay in gold and silver any of its notes, bills, ob-
ligations, or any money received on deposit in vio-
lation of the contract, promise or undertaking of
said corporation, the person or persons entitled to
demand and receive such payment, shall respec-
tively receive and recover interest on said bills,
notes, obligations and deposits, until the same
shall be fully paid and satisfied, at the rate of six
per cent, per annum from the time of such de-
mand.

In case of
failure to re-
deem notes, in-
terest recover-
able.

Sec. 9. And be it enacted, That if the said cor-
poration shall neglect or refuse to pay, as afore-
said, any of its notes, bills, obligations or money
received on deposit, the holder of such note, bill
or obligation, or the person or persons entitled to
demand and receive such money shall be respec-
tively entitled only to demand and receive as cre-
ditor or as debtor to claim and set off such part of
the sum of its assets as shall be actually distribu-
table and payable to such creditor or debtor at the
time when such claim or demand may be made.

Claims, &c.