THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1836]

which such banks or bank might otherwise claim un-
der the provisions of this act.

CHAP. 239.

Ser. 4. And be it enacted, That the failure of anyone
or more of said banks to comply with the provisions of
this act, shall not prejudice the right of such of said
banks as shall comply with the provisions hereof to
exercise the privileges hereby proposed to be conferred
on said banks; but each and every of the banks herein
before enumerated, shall have liberty to acceptor re-
ject the provisions of this a.ct, without any clependance
on the acceptance or rejection thereof by any other of
said banks.

Banks comply-
ing, not affect-
ed by others
neglecting

SEC. 5. And be it enacted, That it shall not be lawful
for any of the banks hereinbefore mentioned, to issue
any bank note or notes of a less denomination than five
dollars, and from and after the yrar eighteen hundred
and forty-five, the General Assembly of Maryland
shall have full power to restrict the notes of said banks
to any denomination it may see fit to fix, as the lowest
denomination of bank notes in this State.

Restriction of

Sec. 6. And be if enacted, That the Treasurer for
the Western Shore, for the time being shall be for-
nished by said banks, once in every year, or oftener if
required, with statements of the amount of the capital
stock of said banks respectively, of the debts due to
and from the same, of the monies deposited therein, of
the notes in circulation, of the cash in hand, and of the
profits made; and he shall have a right in person, or
by his agent, to inspect such general accounts in the
books of the bank as shall relate to such statements;
hut nothing herein contained shall be construed to im-
ply a right of inspecting the accounts of any private
individual with the bank, nor shall such general state-
ment and power of .inspection, be used for any other
purpose than to enable him to form a just opinion of

Annual report

of condition
required

the state of the institution.
SEC. 7. And be if enacted, That nothing herein con-
tained shall have any effect whatsoever as to any of
said banks which shall not by a resolution of its pre-
sident and directors, authorised at a general meeting
of its stockholders, declare its acceptance of this act,
and bind itself to comply with the provisions thereof,
on or before the first day of January next, and on or

34

Assent of Banks
required to
give validity