LAWS OF MARYLAND.

1842

ry eighteen hundred and fifty-five and to the end of the
next session of the General Assembly thereafter.
SEC. 2. And be it enacted, That the said Banks shall re-
spectively pay, or cause to be paid to the Treasurer of the
Western Shore annually, the sum of twenty cents on the
amount of every hundred dollars of the capital of the said
Banks actually paid in, to be applied by the said treasurer,
in augmentation of the free school fund of the State.

CHAP. 251.

Banks to pay
treasurer 20
cents on every
hundred dol-
lars.

SEC. 3. And be it enacted, That whenever the said
Banks or cither of them shall refuse to redeem any of their
liabilities in specie on demand, the charters of the said
Banks shall be forfeited and shall be deemed null and void.

On refusal to
pay specie
charter decla-
red null.

SEC. 4. And be it enacted, That the said Banks shall not
be allowed to issue any note, token scrip, device or other
evidence of debt to be used as currency, under the deno-
mination of five dollars.

Not to issue
less than $5.

SEC. 5. And be it enacted, That all the real estate be-
longing to the Banks aforesaid, shall be and is hereby made
subject to taxation in the same manner and according to
the same valuation that landed estate belonging to private

Real estate
subject to tax-
ation.

individuals is or may hereafter be taxed; provided, they do
not pay a tax under existing laws.

Proviso.

SEC. 6. And be it enacted, That nothing herein contain-
ed shall operate to impair or release the liabilities of the
said Banks or either of them, created by existing acts, but
the said banks shall be subject to the operation of the se-
veral acts now in force, for the general regulation of Banks
in this State, and such other acts as the legislature may
think fit to pass for that purpose.

Subject to the
operations of
acts now in
force.

SEC. 7. And be it enacted, That the Treasurer of the
Western Shore shall be furnished by the said Banks once
in every year, or oftener if required, with statements of
the capital stock of said Banks, of the debts due to and
from the same; of the monies deposited therein; of the
notes in circulation; of the cash in hand, and of the profits
made; and the State have a right or power to inspect such
accounts in the books of the said Banks as relates to such
statements, and the stock ledger of said Bank shall al all
times be open to the inspection of any person who may af-
firm that he has an interest therein, and the said bank shall
publish annually, a list of all such balances as shall not have
been claimed for the space of three years with the names
of the depositors.

Treasurer to
be furnished
by banks with
statements.

SEC. 8. And be it enacted, That this act shall be taken
and considered as a part of each and every separate char-
ter, that is by this act proposed to be extended; and that
each and every part of the same shall be null and void, un-
til the same shall be accepted by the said banks, in their

This act to be
taken & con-
sidered as a
part of every
separate char-
ter.