1886.

LAWS OF MARYLAND.

CHAP. 58.

of the said society for any larger sum or sums of money
whatsoever, than the current amount by him payable in
the common fund of the society, but if at any time the
debts of the said company shall exceed three thousand
dollars, any president, director or steward under whose
administration the, same may be contracted, shall be
held personally and individually answerable for any
such excess, but nothing in this provision shall be con-
strued to exempt any property of said company from
liability therefor.

Method of dis-

solving

SEC. 3. And be if enacted, That if at any time it
may be deemed necessary to dissolve this society, a pro-
position to that effect shall be laid on the table in writ-
ing at a stated meeting of. the society, and may be dis-
cussed at the next stated or special meeting, but shall
not finally be decided on until it shall have been two
full months before the society, and said dissolution shall
not take place so long as thirteen members shall be fa-
vourable to a continuation of the society.

Banking pro-

hibited

SEC. 10. And be it enacted, That nothing in this act
shall be so construed as to confer any banking privi-
leges upon the said corporation, nor the right to issue
any note in the nature of a bank note.

Liable after dis-
solution

SEC. 11. And. be it enacted, That the society hereby
incorporated, shall be liable for all debts and obliga-
tions contracted during its legal existence, notwith-
standing its dissolution, whether by its own act or that
of the legislature.

Right to repeal,
reserved

SEC. 12. And be it enacted, That the legislature
may repeal this act at any time when they may deem
such repeal beneficial to the community.

CHAPTER 58.

Passed Feb. 23
1837.

A further supplement to the act, entitled, an act to in-
corporate the Stockholders of the Franklin Bank of
Baltimore.

Tine attended

Be it enacted by the General Assembly of Maryland,
That the time limited by the second section of the act
of December session, eighteen hundred and thirty-five,
chapter two hundred and seventy-seven, authorising
the augmentation of the capital stock of the Franklin
Bank of Baltimore, shall be and the same is hereby