74

LAWS OF MARYLAND.

pens printed in the city of Baltimore, specifying in
such notice the object of such meeting

Not to be dis-
solved because
of failure to co-
lect at appoint-
ed time.

SEC. 22. And be it enacted, That should it so
happen from any cause whatsoever that the annual
election of Directors should not take place in any
year, on the day hereinbefore mentioned for that pur-
pose, this Company shall not for that reason be dis-
solved, but such election may be lawfully held on such
convenient day thereafter, as may for that purpose be
fixed on by the President and Directors, they causing
ten days notice thereof to be given in two or more of
the daily newspapers printed in the city of Baltimore.

Banking for-
bid.

SEC. 23. And be it enacted, That this Company
shall have power to issue to each member, a certifi-
cate of the shares of stock held by him, and to en-
force the payment of all instalments and other dues,
but nothing in this act shall be construed to autho-
rise said corporation to issue any note, token, scrip,
device, or other evidence of debt to be used as a cur-

In force.

SEC. 24. And be it enacted, That this act shall
continue and be in force until the year eighteen hun-
dred and seventy-six, and until the end of the next
session of the Assembly, which shall take place there-
after; and that the Legislature reserves to itself the
right to alter or annul this act of incorporation at
pleasure.

Capital taxed.

SEC. 25. And be it enacted, That in returns of said
capital stock to the assessors for taxation, the amount
of notes given for said stock, as well as the cash paid
in, shall be estimated as capital and taxed accord-
ingly.

CHAPTER 56.

Passed Mar.
6, 1856.

A FURTHER SUPPLEMENT to a bill entitled an
act to incorporate the Baltimore and Philadelphia
Rail Road Company.

Authorised to
borrow money.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That for the purpose of constructing