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Session Laws, 1844
Volume 609, Page 221   View pdf image
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1844.

THOMAS G. PRATT, ESQUIRE, GOVERNOR.

CHAP. 876.

CHAPTER 276.

Passed March
7, 1945.

An act for the relief of the Farmers' and Millers' Bank of

Hagerstown.

Discontinued
and stricken
off.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the scire facias, heretofore issued, and
now pending in Washington county court, by the State
of Maryland, against the Farmers' and Millers' Bank of
Hagerstown, warning and requiring the said corporation
to shew cause why its charter, for certain reasons there-
in set forth, should not be vacated, be and the same is
hereby discontinued, and the said court is hereby direct-
ed to order the same to be stricken off the docket; and the
said corporation is hereby released, exonerated and die-
charged from all cause of forfeiture of its said charter, by
reason of any matter or thing contained or maintained in

Provisoes.

said scire facias; provided, the bonus due to this State, with
interest, and all fees and costs incurred upon said scire fa-
cias., be paid by the said bank to the treasurer of this State,
ninety days after the passage of this act; and provided also,
that the said bank shall at the time of the dismissal of the
said scire facias, possess in its own right, and have in ac-
tual possession, thirty thousand dollars in specie, as the
specie basis of its banking operations, and that its pos-
session of the said sum in specie, and the fact of the same
being the bona fide property of the said bank, shall be
verified by the affidavit of the cashier thereof, to be taken
by him before a justice of the peace of Washington coun-

Relinquished
and annulled.

ty, and deposited with the clerk of said county.
SEC. 2. And be it enacted, That the privilege reserved
by the State of Maryland, to subscribe for a portion of the
stock of the said bank is hereby relinquished and annulled,
and that the same amount of stock may be taken and sub-
scribed for by individuals, in the same manner as if no
such privilege had been reserved.

To be citizens
of Washing-
ton county.

SEC. 3. And be it enacted, That the directors of the
said bank, at the time of their acting as such, shall each
and all of them be citizens of Washington county.

Regulation of
issue.

SEC. 4 And be it enacted, That it shall not be lawful
for the said corporation to issue more than three dollars
in bank notes for every dollar in coin in its vaults.

Attorney Ge-
neral or his
deputy to ex-
amine.

SEC. 5. And be it enacted, That before the said scire
facias be stricken off, the Attorney General or his deputy
shall examine into the condition of the bank, and shall be
fully satisfied that the thirty thousand dollars required by
the first section of this act, be the bona fide assets of the
said bank, and the same shall be in gold, silver and cop-
per coin.



 
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Session Laws, 1844
Volume 609, Page 221   View pdf image
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