1820.

SAMUEL SPRIGG, ESQUIRE, GOVERNOR.

CHAP. 47.

Passed Jan. 12, 1821.

CHAP. XLVII.

A Supplement to an act, entitled, An act to establish a Bank in the City of
Baltimore, to be called The City Bank of Baltimore, and to an Act, entitled,
A supplement to an act to incorporate a Company to make a Turnpike Road
leading to Cumberland, and for the extension of Charters of the several
Banks in the City of Baltimore, and for other purposes.

Preamble.

WHEREAS it has become necessary and advisable for the pre-
sident, directors and company, of the City Bank of Baltimore,
to wind up and close the concerns of the said bank, and to expe-
dite the same in compliance with the wish of the stockholders;

Parts of sets re-
pealed.

1. Be it enacted by the General Assembly of Maryland, That so
much of the several acts to which this in a supplement, which re-
quires the City Bank of Baltimore, to pay the sum of twenty
cents upon every hundred dollars of the capital stock actually
paid, or which may hereafter be paid in, is hereby repealed, and
that the said bank shall be released from the payment of the said
tax since the first day of January eighteen hundred and nine-
teen, and ever thereafter, and that the said charter shall remain
and be in force as if the said tax had been regularly paid accor-
ding to the provisions of said charter, and supplement to an act
to incorporate the turnpike road leading to Cumberland, any
thing therein contained to the contrary notwithstanding.

Not more than
nine directors to
be appointed.

2. And be it enacted, That at each and every election fop
directors of said bank which shall take place after the passage
of this act, no more than nine directors shall be elected for the
management of the concerns of the said bank, who shall be eligi-
ble as directors at all succeeding elections, and that all vacancies
that may hereafter occur shall be filled up in the same, manner as
provided by said act of incorporation, which said nine directors
shall have all the rights, power, authority and privileges, which
the said sixteen directors had or might lawfully exercise under
and in virtue iff the aforesaid act of incorporation, and shall have
all the powers to sue or prosecute any cause of action in any
court of law or equity in this state, or any of the United States,
in the same manner which the said sixteen directors might have
done, nor shall the reduction of the said directors from sixteen
to nine he so construed as to impair the right of the said presi-
dent, directors and company, of the City Bank of Baltimore, to
prosecute any suit now pending in the courts as aforesaid, in the
same manner as if the said number had not been diminished: And the
president and four directors shall constitute aboard for the trans-
action of business, but the ordinary renewals of paper, already
discounted, may be made by the president and two directors.

Real and perso-
nal estate of bank
may be disposed of.

3. And be it enacted, That the president and directors shall
hereafter have power to sell and dispose of, either at public or

private sale, all the real and personal estate of said bank, and to
receive the stock of said bank in payment for the same, in such
manner, and on such terms as may appear to them most advisa-
ble; that previous to any sale of the effects of said bank, or any
part thereof, for which the stock of said bank is to be received in
payment, there shall be a public notice published at least three
times a week, in at least two of the public prints of the city of
Baltimore, one in Frederick-town, one in Hagers-town, one in
Easton, and one in Belle-Air, describing the property thereby
intended to be sold, in the manner aforesaid; that previous to any