SAMUEL SPRIGG, ESQ. GOVERNOR.

153

according to the ratio expressed in the fourth section of the act
passed at the December session eighteen hundred and thirteen,
chapter one hundred and twenty-two; And provided, any bank that
may sell a part of its stock shall thereafter be considered as hold-
ing a subdivided interest, and entitled according to its interest only
to the privileges of an individual stock-holder. And at all electi-
ons, the said votes shall be made by ballot, separate and apart from
each other; and within five days thereafter the managers thus elected
shall meet after every election as aforesaid, and by ballot choose
from among their number a president; and in the event of any va-
cancy happening by the death, resignation or the omission on the
part of any of the banks, or those holding under any bank or banks
to elect a manager or managers to which their respective interests
are entitled, the same may be filled up by a choice made by the
managers elected as aforesaid, for the remainder of the year, or
until the next election; and in the choice of a manager or mana-
gers as aforesaid, the same shall be selected from the stock-holders
of a bank, or from the stock-holders who hold under a bank as the
case may be, where said vacancy may happen.

Dec. Ses. 1821.

3. Be it enacted, That the president, managers and company
aforesaid, shall have power to make and use a common seal, and the
same to break, alter and renew at pleasure, and also to ordain and
establish and put in execution such by-laws, ordinances and regu-
lations as shall seem necessary and convenient for the government
of said corporation, which shall not be contrary to the laws or con-
stitution of this state; and in case it should so happen, that an elec-
tion of managers should not be made upon any day, when pursu-
ant to the several laws in relation to the subject it ought to have
been made, the said corporation shall not for that cause be declared
to be dissolved, but it shall be lawful on any other day to hold and
make the election of managers as aforesaid, in such manner as shall
be adjusted and regulated by the several by-laws and ordinances
which may hereafter be established.

By-laws, &c.—

failure to elect.

4. Be it enacted, That if in the subdivision of the stock as
aforesaid, there shall be a fractional part of a share belonging to
any bank, that the said president, managers and company are hereby
authorised to refund the same to the several parties entitled there-
to, so as to constitute an equal sum; and that in all future dividends,
the same shall be declared upon the capital that may remain after
said fractional parts are refunded.

Fractional
part of stock.

5. And be it enacted, That all such parts of the acts to which
this is a supplement, or any other laws, as are repugnant to or in-
consistent with the provisions of this act, be and they are hereby
repealed.

Repeal.

CHAPTER 217.

A further additional supplement to an act entitled, An act to establish
and incorporate a Medical and Chirurgical Faculty or Society in
the state of Maryland.
Sec. 1. Be it enacted By the General Assembly of Maryland,
That from and after the passage of this act, no person or persons
not authorised to practice medicine and surgery by the laws of
this state, and that no firm or company associated for the purpose
of practicing medicine or surgery or both in this state, when one

Passed Feb. 19,

1822.

Persons at
firms not au-
thorised not to
practice medi-

cine, &c.