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Session Laws, 1849
Volume 613, Page 490   View pdf image
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1849.

LAWS OF MARYLAND.

CHAP. 372.

bye laws, and in such manner as they shall deem most
safe and beneficial; provided, that no president, director
or officer of the said corporation, shall at any time owe
or be responsible thereto, in any sum larger than his clear

Provisoes.

interest in the funds and properly of the said corpora-
tion; provided always, that nothing contained within
this act, shall be construed to authorise the corporation,
hereby intended to be created, to issue any bill, note, or
other device, in the nature of a bank note.

Committee of
inspection.

SEC. 5. And be it enacted, That it shall be the duty
of the directors, at least once in every six months, to
appoint from the members of the corporation, three com-
petent persons to investigate the affairs of the said cor-
poration, and to make a report thereof, which report
shall be recorded in a book kept for that purpose, that
shall be open for the inspection, at all times, of any de-
positor or member, and it shall be the duly of the direc-
tors, on the first Monday of February, and on the first
Monday in August, in each and every year, to make
and declare such dividend of the profits, as shall have
been made by the investments hereinbefore provided for,
after paying the expenses of the institution, and the
same to pay over unto the members of the said corpo-
ration, or their legal representatives, within ten days
thereafter.

Subject to in-
spection by the
treasurer, etc.

SEC. 6. And be it enacted, That the concerns of
the institution hereby intended to be incorporated,
shall be at all times subject to the inspection of the
treasurer of Maryland, or of such other officers or
agent of the State, as may be selected for that pur-
pose, by either branch of the Legislature.

In force, etc.

SEC. 7. And be it enacted, That this act shall he and
continue in force until the year eighteen hundred and
sixty , and until the end of the first session of the General
Assembly that, shall happen thereafter, and the Legisla-
ture reserves to itself the right to alter, repeal or amend
this act of incorporation, at pleasure.

CHAPTER 372.

Passed
March 2, 1850.

An act to provide for the building of a County Jail, in
Prince George's county.

Authority to
levy.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Levy Court of Prince George's



 
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Session Laws, 1849
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