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Session Laws, 1812
Volume 618, Page 209   View pdf image
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LEVIN WINDER, ESQ. GOVERNOR.

209

a just opinion of the state of the institution relative
to the public safety, and of the profits thereof, over
which he is hereby appointed guardian, as far as the
same relates to the State.

1812.

22. AND BE IT ENACTED, That the said
Bank shall, on or before the first day of January
eighteen hundred and fifteen, subscribe for as much
stock in the turnpike road leading to Cumberland, as
will, together with the several Banks now established
in the city of Baltimore and Washington county, raise
a sum necessary and sufficient to complete the said
road; the said Bank on subscribing in proportion to
the amount of capital actually employed and sub-
scribed up, or in operation, and to be paid or ad-
vanced in due proportion to the amount of each of
the said Banks, subscribed in such periods and at
such times as the same may be wanted; and any in-
crease of capital made by the said Bank, shall at all
succeeding payments thereafter be taken into consi-
deration and be considered as a part of the capital

Bank shall
subscribe to
Cumberland
road on or be-
fore Jan. 1,
1815.

contemplated under this act.
23. AND BE IT ENACTED, That the said
Bank shall pay to. the Treasurer of the Western
Shore, the sum of twenty-five cents upon the amount
of every hundred dollars subscribed and actually
paid in, for each and every year during the continu-
ance of the said charter, and which sum shall be, and
the same is hereby pledged by the State as a fund for
the purpose of supporting county schools, to be equal-
ly divided among the several counties of this State,
and paid over in equal portions to such persons in each
county as the legislature may hereafter appoint.

Fund pledged
for the support
of county
schools.

24. AND BE IT ENACTED, That it shall be
the duty of the Treasurer of the Western Shore, to
demand of the said Bank, the said sum of twenty-five
cents on the sum actually paid in, on the first day of
January in each and every year, during the continu-
ance of this act, after the first of January, eighteen
hundred and fifteen.

Treasurer
may demand
said sum.

25. AND BE IT ENACTED, That upon the
said Bank's complying with the condition aforesaid,
the faith of this State is hereby pledged not to impose
any other further tax, bonus or imposition, of any
nature or kind, on the said Bank, during the continu-
ance of the charter.

No other tax.
to be requir-
ed by the
State.

26. AND BE IT ENACTED, That this act
shall continue and be in force until the first day of
November, eighteen hundred and thirty five, and un-
til the end of the next session of Assembly, (subject

Duration of
this act.



 
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Session Laws, 1812
Volume 618, Page 209   View pdf image
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