118

LAWS OF MARYLAND.

eight, said report is made, issue his warrant to the
Treasurer, and the Treasurer shall pay to the said
board of trustees or their order then and annually
thereafter the said sum of six thousand dollars above
appropriated.

Banking for-
bid.

SEC. 9. And be it enacted, That neither the said
stockholders nor the said trustees shall in any way
or means issue any note, bill, draft, certificate, or
have and use any device or pretence for a circulating
medium in form of bank note or otherwise, and
shall not use or attempt to use any banking privileges
whatsoever.

Conditions to
be complied
with.

SEC. 10. And be it enacted, That if there shall
not be bona fide subscribed at least two thousand
shares of twenty-five dollars each, as stock to the
Maryland Agricultural College, and trustees appoint-
ed in manner and form herein provided for, on or
before the said first day of February in the year eight-
een hundred and fifty-eight, then and in that case,
this act and all the provisions hereof, and the incor-
poration of the stockholders or subscribers, and all
rights, privileges, and immunities hereinbefore men-
tioned, shall be repealed, vacated, null, void, and of
no effect.

Reservation.

SEC. 11. And be it enacted, That the General
Assembly of Maryland hereby expressly reserves the
right at any future session to withdraw any part or
all of said endowment of six thousand dollars here-
inbefore appropriated, or to repeal, vacate, and make
void all and every part of the incorporation aforesaid,
and all rights, privileges, and immunities hereinbe-
fore mentioned, and the endowment and donation of
the six thousand dollars to be paid out of the Treas-
ury, as hereinbefore provided for, shall cease to be
paid.

Subscriptions
returned.

SEC. 12. And be it enacted, That if on or before
the first day of February in the year eighteen hun-
dred and fifty eight aforementioned, there are not
two thousand shares of twenty-five dollars each, at
the least, subscribed to the Maryland Agricultural
College, then and in that case the subscribers who
have paid all or any part of their subscriptions shall
have a return thereof, and for that part subscribed
and not paid, excepting and reserving such compen-
sation as shall be deemed necessary, in the discre-
tion of the commissioners, for incidental expenses
in obtaining subscriptions and collecting the same.