LAWS OF MARYLAND.

1843

als with the Bank, nor shall such general statement and
power of inspection be used for any other purpose than
to enable him to form and when required to communicate
to the legislature a just opinion of the state of the in-
stitution, with the grounds of said opinion.

CHAP. 212.

Sec. 25. And be it enacted, That the taxes levied by
the State and due on the capital stock of said bank shall
be paid before any payment or dividend of profits shall be
made to stockholders.

State taxes to
be first paid.

SEC. 26. And be it enacted. That no loan shall be
made by the said corporation for the use of or on account
of this State or the United States, or of any particular
state, to an amount exceeding twenty thousand dollars,
or such sums as now is or may be allowed by law or to
any foreign prince or state whatever without the previous
consent of the legislature, that the capital stock and funds
of the bank shall be deemed and taken to be personal and
not real estate.

No loan to ex-
ceed $20, 000.

Sec. 27. And be it enacted, That on the first day of
January, subsequent to the organization of the said bank,
and on the same day annually thereafter, the said bank
shall pay or cause to be paid to the treasurer of the State
of Maryland, the sura of twenty cents on every hundred
dollars of the capital of said bank then actually paid in,
to be applied by said treasurer in augmentation of the
free school fund of the State in the same manner as the
similar tax paid by other incorporated banks in the city
of Baltimore is now applied, and in case of failure of the
said bank to make such payment for the space of six
months after the same shall have become payable, this
charter shall be forfeited and shall be deemed null and
void.

Bank to pay
20 cents on
every $1. 00
to Treasurer.

Sec. 28. And be it enacted, That the said corporation
shall in consideration of the corporate privileges hereby
granted, pay to the State of Maryland, in addition to the
twenty cents on the hundred dollars, as provided for in
the preceding section a loan of five thousand dollars in
the equal annual instalments, commencing for the first pay-
ment on the thirtieth day after the said bank shall have gone
into operation.

To loan the
state $5000.

Sec. 29. And be it enacted, That at any time the said
bank shall neglect or refuse to pay in gold and silver any
of its notes, bills, obligation or any money received on
deposite in violation of the contract, promise or under-
standing of said bank, the person or persons entitled to
demand or receive such payment shall respectively re-
ceive and recover interest on said bills, notes, obligations
and deposites until the same shall be paid and satisfied at
24

On refusal of
neglect to pay
specie, &c.