WILLIAM GRASON. ESQUIRE, GOVERNOR.

1840.

SEC. 4. And be it enacted, That nothing in this act shall
be so construed as to authorise the said corporation to issue
any note, token, device or other evidence of debt, to be
used as a currency.

CHAP. 146.

Banking forbid.

SEC. 5. And be it enacted, That this act of incorporation
shall enure for thirty years from its passage, and that the
right is hereby reserved to the General Assembly to alter
or annul this act at pleasure.

CHAPTER 146.

In force.

A further supplement to an act, entitled an act to incorpo-
rate the Stockholders of the Franklin Bank of Balti-
more.

Passed Feb. 26,
1641.

WHEREAS, the president and directors of the Franklin
Bank of Baltimore, have represented to this General As-
sembly, that owing to various losses which have been sus-
tained by the said bank, its capital stock has become con-
siderably impaired, and that in view thereof at a very
large meeting of the stockholders of the said bank, conven-
ed conformably to its charter, the said president and direc-
tors were requested to apply forthwith to the General As-
sembly for such a reduction of the capital stock of the bank
as should value each share thereof at twelve dollars and a
half, and have prayed that a law might be passed accord-
ingly:

Preamble.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That from and after the passage of this act,
the capital stock of the Franklin Bank of Baltimore shall
be reduced to three hundred and one thousand five hundred
and ninety-five dollars, money of the United States, divided
into shares of twelve and a half dollars each.

Capital stock
reduced.

SEC. 2. And be it enacted, That the reduced capital
stock of the said hank hereby authorised may be augmented
hereafter, in such manner and at such time as shall be pre-
scribed by the president and directors of the said bank;
provided always, that the whole capital stock of the said
bank shall not at any time exceed the amount heretofore
authorised to the said bank by the original charter of the
same, and the several supplements thereto: and provided fur-
ther, that in the event of the augmentation of the capital
stock of the said batik hereafter above the amount to which

May be aug-
mented.

Limit.

Proviso.