112

LAWS OF MARYLAND.

Dec. Ses. 1821.

deed conveyed, are equal, or more than equal in value to the lands
conveyed by the said Ebenezer T. Massy and Emily Ann his wife
to Joshua W. Massy.

Descent.

3. And be it enacted, That the land to be conveyed to the
said Emily Ann Massy by the said Joshua W. Massy, shall de-
scend after the death of the said Emily Ann Massy, to the same
persons, and for the same interest and estate as the land to be con-
veyed by the said Ebenezer. T. Massy and Emily Ann his wife
would have descended if this law had not been passed, in case no
disposition thereof shall be made by the said Ebenezer T. Mas-
sy and Emily Ann his wife during their joint lives, or by the said
Emily Ann, if she shall survive the said Joshua W. Massy.

Passed Feb. 16,

1822.

Where to hold

elections.

CHAPTER 165.

An act to alter and change the place of holding the Election in the
third election district of Dorchester county.
Be it enacted By the General Assembly of Maryland, That
the judges of the third election district in Dorchester county, be,
and they are hereby authorised and directed, to hold in future, the
elections in said district, at and in the house of Levin Woolford;
any law, usage or custom to the contrary notwithstanding.

Passed Feb. 16,
1822.

Preamble.

CHAPTER 166.

A further supplement to an act to incorporate the Stock-holders in the
Union Bank of Maryland.
Whereas, The president and directors of the Union Bank of
Maryland, have represented to this general assembly, that owing
to various losses which have been sustained by the said bank, the
capital stock thereof has become considerably impaired, and that
to reinstate it out of the future earnings of the bank, would be ex-
tremely burthensome to many of stock-holders, and that it would
be advantageous to the said bank to reduce the amount of each
share of its capital stock from one hundred dollars to seventy-five
dollars, and have prayed that a law might be passed accordingly,
subject nevertheless to the approbation of a general meeting of
the stock-holders of the said bank, and the prayer of the said pe-
tition appearing to this general assembly to be reasonable and just,

Capital—
shares.

Sec. 1. Be it enacted By the General Assembly of Maryland,
That from and after the passage of this act, and the assent of the
stock-holders thereto, as hereinafter provided, the capital stock of
the said Union Bank of Maryland shall consist of two millions
two hundred and fifty thousand dollars, money of the United
States, divided into shares of seventy-five dollars each; and that
the residue of the number of shares reserved for the use of the
state of Maryland, by the act to which this is a supplement, de-
ducting the number actually subscribed for by the state under that
act, be still reserved for the use of the state, to be subscribed for
at seventy-five dollars the share by the said state, when desired by
the legislature thereof.

Rate of unpaid
shares.

2. And whereas, There yet remain shares in the said bank,
which are subscribed for, on which fifty dollars only have been
paid; therefore, Be it enacted, That such shares shall here-
after be rated at thirty-seven dollars and fifty cents, and that the
holders thereof may, in the manner provided for in the act to