LAWS OF MARYLAND.

CHAPTER 84.

CHAP, 85.

An act to make valid the official acts of Alexander Windsor,
John Bonifant and Brice Letton, as justices of the
peace for Montgomery county.

Passed Feb.
12, 1844.

Be it enacted by the General Assembly of Maryland,
That all and every official act made and done by Alexander
Windsor, John Bonifant and Brice Letton, or either of them
as justices of the peace for Montgomery county, shall in
no manner be affected by reason of the informality of their
commissions, but that all the official acts and proceedings of
either of them, shall be as valid and effectual to all intents
and purposes as if the said Alexander Windsor, John Boni-
fant and Brice Letton had been lawfully and regularly
commissioned.

Made valid

CHAPTER 85.

An act to authorise the Merchants Bank of Baltimore, to
invest a portion of its capital in the stock of said bank.

Passed Feb.
12, 1844.

Whereas it has been represented to the General Assem-
bly, by the Merchants Bank of Baltimore, that by reason
of the present contracted State of trade it is unable to em-
ploy the whole of its capital in its ordinary banking busi-
ness, and whereas said bank has accordingly applied to the
General Assembly of Maryland, for permission to invest
temporarily a portion of its capital in the stock thereof.
Therefore,

Preamble.

Section I. Be it enacted by the General Assembly of
Maryland, That the said Merchants Bank of Baltimore, be
and it is hereby authorised and empowered, to invest not
over half a million of dollars in the purchase of the stock
of said bank, at a rate not exceeding one hundred dollars

Bank may
invest part of
her capital in
stock.

per share. Provided nevertheless, the stock which it may so
purchase shall not while it shall be held by said bank, be
exempted from the taxation to which it would be liable if
owned by individuals, or to the payment of the bonus of
twenty cents in the hundred dollars, in the stock which it
may purchase under the authority of this act.

Proviso.

Sec. 2. And be it enacted, That it is not designed by
any thing in this act contained, to authorise said bank to
deal and trade in the stock thereof, and that the permission
hereby given is intended only to authorise it to invest a por-

Not to deal or
trade.