JAMES THOMAS, ESQUIRE, GOVERNOR;

1832.

real, personal, and mixed, shall be delivered over accord-
ingly by said commissioners, so far as the same may be in
their hands or possession, and thereupon the power, au-

cease and be at end, but not otherwise.

CHAP. 182.

Commissioners

powers cease

Sec. 5. And be it enacted, That whenever the president
and directors of the Cumberland Bank of Allegany, shall
determine by resolution of the board, to issue bills and
notes for circulation in the usual manner of banking, it
shall be the duty of said board to make said resolution and
determination known to the Treasurer of the Western
Shore, who shall record the same on the books of the
Treasury, and from and after the first day of January next
thereafter, the President and Directors of the Cumberland
Bank of Allegany, shall annually, on the first day of Jan-
uary in every year thereafter, pay or cause to be paid to the

Notice to Tresau-

rev of the W. S.

of issuing notes

Treasurer of the Western Shore of the State of Maryland,
the sum of twenty cents on every hundred dollars of the
capital stock actually paid in, or which hereafter may be
paid in, as the portion payable by it to the school fund.

Payment oftclioo!

Sec. 6. And be it enacted, That the president and di-
rectors of the Cumberland Bank of Allegany, for the time
being, shall have full power and authority to sell any real
estate which may have been purchased, or hereafter may
be purchased, by said Bank, and by attorney in fact con-
stituted and appointed by the president and directors of
the Cumberland Bank of Allegany, under the common
seal of the corporation, may convey by deed of bargain and
sale, said real estate, to the purchaser or purchasers
thereof.

Power to sell and

convey property

Sec. 7. And be it enacted, That in the election provided
for in this act, the said stockholders shall be authorised to
vote either in person or by proxy.

Votes in person or

by proxy.

Sec. 8. And be it enacted, That .the President and Di-
rectors of the Cumberland Band of Allegany, for the time
being, shall have full power and authority to purchase its
own stock in payment of debts now due, and such stock
how purchased, or that may hereafter be purchased, to sell
for the benefit of said Bank.

Bank may pur-

chase its own stock

Sec. 9. And be it enacted, That all suits, judgments,
and decrees in law and equity now pending, brought or
obtained by the said commissioners, by the corporate name
of the Cumberland Bank of Allegany, against any indivi-
dual or individuals shall, be continued in said name by the
President and Directors of the Cumberland Bank of Alle-
gany after their appointment under this act until the final

Legal proceedings

and responsibilities