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Session Laws, 1846
Volume 611, Page 42   View pdf image
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THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.*

SEC. 6 And be it enacted, That nothing in this act
contained shall be so construed, as to confer any hanking
privileges upon the company aforesaid, nor the right to
issue any note in the nature of a bank note.

CHAP. 44

SEC. 7. And be it enacted, That the books of said
company shall be at all times open to the inspection of
any of the stockholders.

Books open
for inspection.

SEC. 8. And be it enacted, That nothing in this act,
shall be so continued as to authorise the said company
to issue any note, token, scrip note, or other evidence of
debt to be used as money.

Issues forbid.

SEC. 9. And be it enacted, That this act of incorpora-
tion shall remain in force until the first Monday in Jan-
uary, eighteen hundred and seventy-six.
SEC. 10. And be it enacted, That the whole amount
of real estate held by the said corporation, shall not at
any one time exceed the value of one hundred thousand
dollars.

In force until
1876.

May hold real
estate to the
value of $100,
100.

SEC. 11. And be it enacted, That the whole property
of the said corporation, shall be held liable for their debts,
contracts and engagements.
SEC. 12. And be it enacted, That the Legislature shall
have at all times the right to alter or annul this act.

Liable for

debts.

Right reser-
ved.

SEC. 13. And be it enacted, That this company for the
prosecution of its business shall not at any one time owe,
to exceed the amount of its capital stock, and should the
indebtedness of said company exceed the amount of said
capital stock, in case of insolvency of company, the pre-
sident and directors shall be held personally responsible
for the excess.

CHAPTER 44.

Responsible
individually
for excess.

A supplement to an act entitled, an act to provide for the
instruction of indigent blind persons, inhabitants of
this State, passed at December session, eighteen hundred
and thirty-seven, chapter one hundred and seventy-
three.

Passed Feb.
11, 1845.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That, from and alter the passage of this act,
each person to be instructed under the provisions of the
act to which this is a supplement, shall have attained the
age of nine years, and the term of instruction shall be,
and it is hereby, extended and limited to seven years.

Extended to
seven years.



 
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Session Laws, 1846
Volume 611, Page 42   View pdf image
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