ROBERT BOWIE, ESQUIRE, GOVERNOR, NOVEMBER;

1804.

rick-town, for Calvert county, for three hundred and twenty shares, under the direction of Richard
Graham, Richard Mackall, Joseph Wilkinson and Samuel Whittington, or any two of them; at
Easton, for Easton and Talbot county, for two thousand shares, under the direction of Thomas J.
Bullitt, John Leeds Kerr, Hali Harrison, Bennett Wheeler, Joseph Masking, William Meloy and
James Earle, junior, or any two of them; at Cambridge, for Dorchester county, for six hundred
and forty shares, under the direction of doctor John Eccleston, Joseph Ennalls, Matthew Keene and
Solomon Frazier, or any two of them; at Centre-Ville, for Queen-Anne's county, for six hundred
and forty shares, under the direction of William Carmichael, Richard T. Earle, John Hackett and
Thomas Earie, or any two of them; at Denton, for Caroline county, for four hundred shares, under
the direction of William Whitely, Solomon Brown, William Potter and Isaac Purnell, or any two
of them; at Chester-town, for Kent county, for six hundred and forty shares, under the direction
of James Scott, Benjamin Chambers, Richard Hatcheson and Richard Tilghman, 4th, or any two of
them; at Princess-Anne, for Somerset county, for six hundred and forty shares, under the direction
of William Williams, Benjamin F. A. C. Dashieli, Littieton D. Teacle and Peter Dashiell, or any
two of them; at Elkton, for Caecil county, for sis; hundred and forty shares, under the direction of
Daniel Sheredine, John Partridge, John Gilpin and William Alexander, or any two of them; at
Snow-Hill, for Worcester county, for six hundred and forty shares, under the direction of Thomas
S. Fossitt, Zadock Sturgis, Ephraim K. Wilson and Stephen Purnell, or any two of them.

C H A P

LXI

IV. AND BE IT ENACTED, That books for the said subscriptions shall be opened by the commis-
sioners aforesaid, between the hours of ten and eleven o'clock in the forenoon on a day which
may be hereafter appointed by the commissioners herein after named, and by them notified in the
public papers for six weeks previous thereto, provided that such day shall not be postponed beyond
the first day of October next, and shall be closed before the hour of five post meridiem on the same
day, but the commissioners may and they are hereby directed, in case the number of shares allotted
to any county shall not be subscribed on the first day, to adjourn to the same hour on the next day,
and if the subscriptions shall not be filled by the hour of five post meridiem on the second day, the
books are then to be closed, and transmitted to Annapolis or Easton, as the case may be; but if the
subscriptions shall, on the first or the second day, exceed the number herein allotted to the respec-
tive counties, then the said commissioners are hereby authorised and directed so to apportion the
shares subscribed among the several subscribers, by proportional reduction, as may reduce the whole
to the number allotted; and it shall be the joint duty of the committees appointed at Annapolis and
Easton, to wit, John Gibson, James Williams, John Muir, Robert Denny, Lewis Duvall and Wil-
liam Alexander, at Annapolis, and Thomas J. Bullitt, John Leeds Kerr, Hall Harrison, Bennett
Wheeler, Joseph Haskins, William Meluy and James Earle, junior, at Easton, to conduct every
operation of the proposed institution until they shall be superseded by the appointment of directors.

Books to be
opened, &c.

V. AND BE IT ENACTED, That every subscriber shall pay to the county commissioners, hereto-
fore appointed, at the time of subscribing for the same, the sum of five dollars on each share that
shall be by him subscribed; and the county commissioners shall transmit to the commissioners at
Annapolis, and to the commissioners at Easton, by the earliest safe conveyance, all monies received
by them, together with the subscription books; and the stock so subscribed on the respective shores
shall be entered on the books of the bank at Annapolis, and the branch bank at Easton, respectively,
subject however to be transferred from one bank to the other, under such rules and regulations as
may be provided for that purpose by the directors of said banks conjointly; and each subscriber shall,
within thirty days thereafter, pay the further sum of five dollars on each share to the commissioners
at Annapolis, or Easton, as the case may be, and within thirty days thereafter the further sum of
five dollars on each share to the directors, and within thirty days thereafter the further sum of five
dollars on each share as aforesaid, and within thirty days thereafter the further sum of five dollars
on each share as aforesaid, but any person who may find it convenient, may, at the time of his pay-
ing his first, second, third or fourth instalment, pay up on his shares to the amount of twenty-five
dollars on each share, and shall receive a dividend accordingly; and the remaining twenty-five dol-
lars on each share shall be paid by instalments of five dollars, the first to be paid at the end of three
months from the last payment herein before directed, and each succeeding payment at like intervals
and receipts shall be granted for the several instalments herein directed as the same shall be paid;
tut when a subscriber shall have paid the whole sum by him subscribed, such subscriber shall be en-
titled to receive a certificate, under the seal of the bank, and subscribed by the president, for the
number of shares by him or her held.

Subscribers to
pay, &c.

VI. AND BE IT ENACTED, That if any stockholder shall fail to pay his or her instalments to
the amount of ten dollars on each share, at the times and in the manner before specified, such
G

Penalty for not
paying, &c.