1836.

LAWS OF MARYLAND.

CHAP. 245.

mers and Millers Bank of Hagerstown, passed at De-
cember session, In the year eighteen hundred and thir-
ty-five, chapter three hundred and eighteen, be and the
same is hereby reduced to the sum of two hundred
thousand dollars, which shall be divided into shares of
ten dollars each.

Bonus $7,500

SEC. 2. And be it enacted, That the said bank or
the president and directors thereof, shall in lieu of the
bonus required to be paid by the provisions of the ori-
ginal act to which this is a supplement, and in consi-
deration of the corporate privileges granted by this
act, and the original act, pay to the Treasurer for the
Western Shore for the use of the" State of Maryland,
in addition to the sum of twenty cents on each one hun-
dred dollars, of the capital stock of the said bank as
provided for in and by the fourteenth section of the

In thrnee pay-

ments

aforesaid original act, a bonus of seven thousand five
hundred dollars in three equal annual payments, the
first of said payments to be made within thirty days
after the said bank shall have gone into operation.

Time to sub-
scribe

SEC. 5. And be it enacted, That the time for receiv-
ing subscriptions to the capital stock of the said bank,
be and the same is hereby extended to the first day of
March in the year eighteen hundred and thirty-nine,

May organize
on 10,000
shares

and that as soon as ten thousand shares of the said ca-
pital stock of said bank shall be subscribed, the sub-
scribers thereof shall be and hereby are made a cor-
poration and body politic under the same name and
style, and with the same rights, powers and privileges,
and subject to the same conditions and restrictions as
are granted or imposed by the original act to which
this is a supplement, and not inconsistent herewith, and
that the commissioners appointed by the original act,

Aeceive sub-
scription.

or a majority of them, be and they are hereby author-
ized at any time within the period aforesaid, to receive
subscriptions to the capital stock of said bank in the
manner provided by the aforesaid original act to which

First payment

this is a supplement, and that every subscriber shall
pay at the time of subscription to the said commission-
ers the sum of two dollars and fifty cents on each,
share that shall be by him or her subscribed, and each
subscriber shall within sixty day thereafter pay to said
commissioners the further sum of two dollars and fifty
cents on each share, and the remaining five dollars on