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Session Laws, 1841
Volume 593, Page 317   View pdf image
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INDEX.                                1841.
 

Chap.

Sec.

the State for 1841, authorized to issue orders

   

on the treasurer in denominations not less

   

than $1, and not exceeding the amount ad-

   

vanced, &c. orders to be receivable by the

   

collectors and by the treasurer in payment

   

of tax levied under the act of March 1841,

   

ch. 23, &c.

291

1

BANKS. Holder of said checks or orders other than

   

the collectors, &c. upon presentation to the

   

treasurer, to receive an equal sum of specie,

   

treasurer authorized to redeem any check

   

&c. made on him, not required however to

   

redeem said orders until alter the expiration

   

of the time at which the loan would be pay-

   

able, &c.

"

2

Before any bank shall issue, &c. any

   

such orders, notice to be given to the trea-

   

surer of the amount proposed to be raised,

   

treasurer to charge said bank with the amount

   

so proposed to be issued, said amount to be

   

deemed as of that day in part payment of the

   

loan, &c.

"

3

Form of said orders to be prescribed by

   

the treasurer, signed by president and cash-

   

ier of the bank, &c.

"

4

Said orders not to be re-issued when re-

   

ceived by treasurer, &c.

"

5

If any of said banks make a new issue of

   

said order without notice or a greater amount

   

than it may have notified to the treasurer,

   

president and cashier of said bank, to be

   

deemed guilty of a misdemeanor and may

   

be indicted and found n sum not less than

   

$50 for every order, &c.

"

6

See Baltimore and Ohio Rail Road Com-

   

pany; Tax.
The several banks to pay specie on de-

   

mand for their liabilities, and authorized to

   

issue notes of any denomination not less than

   

$1 to be redeemed in specie, &c.

302

1

No bank to issue or pay out notes, &c. of

   

'ess denomination than $5, to an amount

   

greater than 5 per cent of capital paid in,

   

such notes not to be issued after 1st Novem-

   

ber,

"

2

On refusal or neglect to comply with this

   


 

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Session Laws, 1841
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