420

LAWS OF MARYLAND.

Proviso.

county, for the year eighteen hundred and forty-six, be,
and they are hereby released from the payment of the
balance due on a judgment obtained upon said bond on
the thirteenth day of August, eighteen hundred and
fifty-one; Provided, however, and upon this condition
that a judgment be confessed by the said Alexander
Milburn, this principal, in the said bond for the whole
of the amount of balance due upon said judgment.

In force.

SEC. 2. And be it enacted, That this act shall take
effect from the date of its passage.

CHAPTER 300.

Passed
Mar. 10, 1854.

AN ACT, entitled an act to authorise the President,
Directors and Company of the Easton Bank of Mary-
land, to reduce the par value of the shares of their
capital stock and to divide the same.

Power to re-
duce shares.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the President, Directors and Com-
pany, of the Easton Bank of Maryland, at East on, in
Talbot county, be, and they are hereby authorised and
empowered to reduce the par value of the shares of the
capital stock of the said bank from fifty dollars per
share, to twenty-five dollars per share each, by dividing
each share of said capital stock.

In force.

SEC. 2. And be it enacted, That this act shall take
effect from the day of its passage.