1841.

LAWS OF MARYLAND.

CHAP. 45.

authorized and directed to retain said cause, if the same
has not been dismissed.

CHAPTER 45.

Passed Jan
28, 1842.

A supplement to an act entitled, An act to establish a Bank,
and incorporate a Company, under the name of the Frede-
rick County Bank, passed December session eighteen
hundred and seventeen, chapter ninety-three.

Preamble.

Whereas, a large number of the stockholders of the
Frederick County Bank, owning a majority of the capital
stock of said bank, have represented to this General As-
sembly, that owing to a large loss, which has been sustain-
ed by said bank by robbing, its capital stock has become
considerably impaired, and in consequence thereof they
desire and ask the General Assembly of Maryland to pass
a law for such a reduction of the capital stock of said bank,
as should value each share thereof at fifteen dollars, —
Therefore,

Capital stock
to be reduced
on account of
robbery

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 Frederick County Bank shall be redu-
ced to one Hundred and fifty thousand dollars, divided into
ten thousand shares, of fifteen dollars each.

May be aug-
mented.

Sec. 2. And be it enacted, That the reduced capital
stock of the said bank hereby authorized, may be augmen-
ted hereafter in such manner, and at such times as shall be
prescribed by the president and directors of said bank;

Provisoes

provided always, that the whole capital stock of said bank
shall not at any time exceed the amount Heretofore authori-
zed to said bank by the original charter of the same; and
provided further, that in the event of the augmentation of the
capital stock of the said bank hereafter, above the amount
to which the same is authorized to he reduced by this act,
that the. president and directors of the same, shall on the
first Monday of January, in each year, pay or cause to be
paid to the Treasurer of the Western Shore of the State of
Maryland, the sum of twenty cents in every one hundred
dollars of the said augmented capital stock, which the said
bank shall have actually received, under and by virtue of
this act, to be applied by the treasurer to the free school
fund of this State in the same manner as the similar tax is
now applied, or may hereafter he applied by law.

To be aug-
mented stock
or dividends.

Sec. 3. And be it enacted, That in case any of the mo-
nies, property or funds included in the estimate of the losses