SAMUEL SPRIGG, ESQUIRE, GOVERNOR.

1830.

close the concerns of the said bank; and the directors, in pursu-
ance of such resolution, have petitioned the general assembly to
pass a law in aid of such resolution; Therefore,

CHAP. 97.

1. Be it enacted by the General Assembly of Maryland, That from
and after the twentieth day of February next, it shall not be law-
ful for the said bank to make any new discount, but may renew
paper already discounted from time to time, and may take bonds
or bills, single or penal, for all debts due to the bank.

Bank not to make
any new discounts.

2. And be it enacted. That the operation of the act, entitled.
An act to facilitate the recovery of debts due from the several
banks in this state, and to compel the said banks to pay specie
for their notes, or forfeit their charters, passed at December ses-
sion eighteen hundred and eighteen, be and the same is hereby
suspended till the first day of January eighteen hundred and
twenty-four, so far as relates to the Cumberland Bank of Alleg-
heny.

Operation of act

suspended as re-

lates to bank.

3. And be it enacted, That so much of the several acts of as-
sembly, which require the Cumberland Bank of Alleghany to pay
the sum of twenty cents upon every hundred dollars of the capi-
tal stock actually paid, or which may hereafter be paid in, is
hereby repealed, and that the said bank shall he released from
the payment of the said tax since the first day of January eigh-
teen hundred and twenty-one, and ever thereafter and that the
said charter shall remain and be in force as if the said tax had
been regularly paid, according to the provisions of said charter,
any thing therein contained to the contrary notwithstanding.

Released from
payment of tax
on capital.

4. And be it enacted, That the president and directors shall
hereafter have power to sell and dispose of, at public sale, all the
real and personal estate of said bank, giving public notice of
such sale by advertisement in one of the newspapers in Cumber-
land, one in Frederick and one in Hager's-town, at least sixty
days previous to such sale.

May dispose of
real and personal
estate.

5. And be it enacted, That it shall not be lawful for the presi-
dent and directors of the said bank to make any dividend or
dividends of any profits received by the said bank, until all the
debts due from the said bank shall be fully paid and satisfied,
and when the debts of the bank shall be fully paid and satisfied,
the president and directors may proceed to make dividends of
the funds and stock of the bank from time to time, among the

No dividend to
be made until
debts due from
bank are paid.

stockholders; Provided always, if the directors alter the passage
of this law shall discount any new paper, or declare any divi-
dend, except only to make dividends of the funds and stock after
the payment of the debts of the bank, then this act, and every
part thereof, shall cease to have effect and operation.

Proviso.

6. And be it enacted, That the president anil directors of the
said bank are hereby authorised to make sale of the Cumberland
road stock held by said bank, upon such terms and conditions as
they may deem advisable.

May sell road
stock.

CHAP. XCVIII.

An Act to change and alter the Name of William Heyser Quantrill, to that of
Jesse Duncan Elliott Quantrill.

1. Be it enacted by the General Assembly of Maryland, That
the name of William Heyser Quantrill, son of Thomas Quantrill,

Passed Jan. 30, 1821.

Name changed.