T. W ATKINS LIGON, ESQUIRE, GOVERNOR.

113

company shall establish and appoint good and trusty
agents in the cities of Baltimore and Philadelphia, who
shall dispose of all such grain, marketing or any kind
of country produce to the best advantage, and who shall
use all diligence to obtain the highest market rates, and
who shall make use of every exertion to promote the
interests and advantages of all such agriculturalists as
may entrust their produce to the care of the company,
the said company to receive or allow their agent such
compensation or such commissions on purchases or sales,
as is usual to allow or to be received in such cases, be,
and the same is hereby repealed.

SEC. 3. And be it enacted, That this act shall not
be obligatory on said company, until accepted by a ma-
jority of the stockholders in general meeting assem-
bled.

CHAPTER 111.

To be accept-
ed.

AN ACT to authorise an enlargement of bank capital
in the city of Baltimore.

Passed
Mar. 8, 1854.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the capital of the several banks in
the city of Baltimore, may be enlarged, so that those
banks whose capitals now exceed one million of dollars
may be increased to two million of dollars; those
whose capitals exceed nine hundred thousand dollars,
and less than a million, may be increased to one million
five hundred thousand dollars; and the capitals of all
the remaining banks in said city, may be increased to
one million of dollars.

Authority to
enlarge cap-
ital.

SEC. 2. And be it enacted, That such increase of
capital may be effected from time to time, in a way
and at periods most convenient and available in the
judgment of their respective directors.

Increase.

SEC. 3. And be it enacted, That before providing to
increase its capital, the directors of a bank proposing to
avail the institution of this privilege, shall first obtain
the assent of two-thirds of the stock represented in per-
son or by proxy, at a meeting of the stockholders called

Assent of
stockholders.