THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1836.

CHAPTER 95.

An act to continue, in force, an net to Incorporate the
Eastern Bank of Baltimore, and to make certain al-
terations therein.

CHAP. 95. .

Passed Feb. 28,
1837.

SECTION 1. Be it enacted by the General Assembly of
Maryland. That if on or before the first day of April,
in the your one thousand eight hundred and thirty eight,
the President and Directors of the Fells Point Savings
Institution of Baltimore, shall comply with the requi-

On complying,

&c.

sitions of the first section of the act to incorporate, the
Eastern Bank of Baltimore, the said act shall continue
and be in force for and until the time therein specified,
with the alterations made by this act.

Time extended.

SEC. 2. And be it enacted. That the capital stock of
the said Bank shall not be less than one hundred thou-

dollars each, which shall be called in as prescribed in
said act by instalments of two dollars, and two dollars
only shall be required to be paid at the time of sub-
scribing for the said stock.

Capital $100,-
000

SEC. 3. And be it enacted, That the said Bank may
be organized in the manner specified in said act, on the
first Monday in June, and all elections of Directors
shall take place on that day annually thereafter, or on

May organize

as early a day after as may be practicable, but the
President or Directors shall not issue any note of said
corporation until the sum of fifty thousand dollars in
gold and silver shall be in the possession of the Pre-
sident and Directors of said Bank, as part of its ca-
pital stock, and the same shall have been certified as
in said act prescribed.

Condition re-
quired

SEC. 4. And be it enacted, That instead of the sum
required in the said act to be paid as a bonus, the said
corporation shall pay the sum of three thousand seven
hundred and fifty dollars in three annual payments, the
first of said payments to be made within thirty days
after the bank shall have gone into operation, and a
further bonus on the capital which the said bank shall
have subscribed at any time over and above the sum of
one hundred thousand dollars, after the rate of three
dollars and seventy five cents, on each one hundred
dollars thereof, and which bonus shall be paid on the

Bonus