T. W ATKINS LIGON, ESQUIRE, GOVERNOR.

111

fund of the State, in the same manner as a similar tax
is paid by other incorporated banks of the State.

SEC. 9. And be it enacted, That so much of the

fifth section of said original act of incorporation, passed
at December session aforesaid, as makes it the duty of
the directors at least once in every twelve months to ap-
point five competent members of said corporation as a
committee of examination to investigate the affairs of
said corporation, and to make and publish a report there-
of in one or more newspapers printed in Hagerstown,

Repealed.

he and the same is hereby repealed; and in lieu thereof
the president or treasurer of said Savings Bank shall
furnish semi-annually, on the first Monday of January
and the first Monday of July, to the Treasurer of this
Stale, a statement, under oath, of the amount of capi-
tal stock of said corporation, of the debts due to and
from the same, specifying those due to and from other
banks, of the monies deposited therein, of the notes in
circulation, of the cash on hand, specify ing the amounts
of coin and of the notes of other banks, of the value
of the real estate, of the amount and value of public
or other stocks held and owned by said corporation, said
statement to shew the condition of the corporation in
the said particulars, on the first Monday of January, in
every year; and the said corporation shall publish said
statement, so made to the Treasurer, in one or more
newspapers published in Hagerstown.

Statement to
be furnished
Treasurer.

SEC. 10. And be it enacted. That all notes drawn
payable to the order of the endorsers which shall be of-
fered for discount at said bank shall, on the face there-
of, be negotiable and payable at its office of discount
and deposit in Hagerstown; and that notices of protest
for the non-payment of such note, directed to the draw-
er and endorsers, and left at said office where the same
is made payable, shall be as effectually binding on both
drawer and endorsers as if the same had been served

Notes paya-
ble at office of
discount.

personally upon them; Provided, that nothing herein
contained shall be so construed as to prevent the said
bank from discounting joint and several notes, inland
bills of exchange, or from lending to any depositor, not
otherwise indebted, any sum not exceeding two-thirds
of his deposits in said bank.

Proviso.

SEC. 11. And be it enacted, That this act shall con-
tinue in force until the first day of January, eighteen
hundred and eighty, and until the expiration of the ses-
sion of the General Assembly that shall happen next
thereafter, the State reserving to itself the right to alter,
amend or revoke this act, if at any time the said Bank

In force.