1820.

LAWS OF MARYLAND.

CHAP. 116.

Real and personal
estate may be dis-

posed of.

When debts due
from banks are
paid, dividends
to be made.

4. 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 the said banks.
5. And be it enacted. That when the debts due from the said
banks are paid and discharged, it shall be the duty of the presi-
dent and directors to make dividends of the funds of the banks
which they may have received among the stockholders every four
months.

President and di-
rectors may dis-
miss cashier, &c.

6. And be it enacted, That the president and directors afore-
said shall have power to dismiss the cashier, and such other offi-
cers as they shall deem unnecessary, and may appoint an agent
for the collection of the debts due to the said banks, and may take
a bond, in such sum as they shall deem necessary, with one or
more sufficient securities, conditioned for the faithful performance
of the duties imposed on him as collector, and the president and
directors of the said banks respectively, shall have power to re-
move all the books and papers of the said banks to any place or
places in Worcester county which they may deem proper.

To have no power
to make dividends
until debts are
fully paid.

7. And be it enacted, That the president and directors of said
banks shall have no power or authority to make any dividend or
dividends of any of the funds or profits of said banks, until all the
debts which may have been demanded of said banks shall be fully
paid and satisfied.

If provisions of
act are not ob-
served, it shall

cease.

8. And be it enacted, That if the president and directors of said
banks shall riot observe the provisions of this act, then and in
such case all power and authority given to them by this act shall
cease.

Passed Feb. 7, 1821.

Deed of manumis-
sion made valid.

CHAP. CXVIl.

An Act for the Relief of Negro Ann, and her Children, of Frederick County.

1. Be it enacted by the General Assembly of Maryland, That the
deed of manumission made and executed on the tenth day of Oc-
tober, in the year of our Lord one thousand eight hundred and
twelve, by Elias Thrasher, of Frederick county, negro Ann,
and her children Kitty, Peter and Steven, for the purpose of
manumitting and discharging them from slavery, in hereby de-
clared to be good and valid in law to all intents and purposes
whatsoever, and to have full operation and effect in all courts of
law or equity, for the purposes therein mentioned, as it would
have had if it had been recorded by the parties concerned within
six months after the date thereof, as directed by the act of the
general assembly of Maryland of November session seventeen
hundred and ninety-six, chapter sixty-seven, section twenty nine.

Declared to be
free persons.

2. And be it enacted, That the said negro Ann, and her chil-
dren, mentioned in the said deed of manumission, and also her
children born since the date of the said deed of manumission,
are hereby declared to be free persons to all intents and purposes
whatsoever, as fully and entirely as they would have been if the
said deed of manumission had been recorded within the time
limited by the act of assembly aforesaid referred to in the first
section of this law.