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Sec. 1. BE IT ENACTED By the General Assem-
bly of Maryland, That a bank, to be called and known
by the name of the Havre-de-Grace bank, shall he es-
tablisbed in the town of Havre-de-Grace, in Harford
county.
2. AND BE IT ENACTED, That the capital stock
of this bank shall consist of three hundred thousand
dollars, divided into six thousand shares of fifty dollars
each; five hundred shares thereof shall be reserved for
the use and benefit of the state, to be subscribed for is
such manner as the legislature may direct, and the re-
maining five thousand five hundred shares shall be allot-
ted to Harford and Cecil counties, and Baltimore county
and city, and subscribed for in manner following, viz.
for Harford county for four thousand shares, at Havre-de-
Grace, under the direction of Samuel Hughes, Elijah
Davis, William B. Stokes, Abraham Jarrett, Paca
Smith, Edward Hall, Edward Griffith, Francis J. Dal-
lam, and Charles S. Sewell or any two of them; at Bell-
Air, under the direction of Thomas A. Hays, John
Moores and John Norris, (of Edward,) or any two of
them; and at Abingdon, under the direction of Benjamin
Nowland, William Allen and William Wilson or any two
of them; at Baltimore, for the city and county of Balti-
more, for one thousand shares, under the direction of
Charles Ridgely, (of Hampton,) Robert Smith, Samuel G.
Griffith and John H. Barney or any two of them; at
Elkton, for Cecil county, for five hundred shares, under
the direction of Tobias Rudolph, William Hollingsworth,
(of Zebulon) and John N. Black or any two of them.
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Dec. Sess.
1814.
Bank esta-
blished.
Capital—
shares-- allot-
ment of shares
&c.
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3. AND BE IT ENACTED, That books for the
subscription of the said stock shall be opened by the
commissioners aforesaid, on a day to be by them ap-
pointed for that purpose, and by them notified in the
most public places in the respective counties, and for the
city of Baltimore, in the public newspapers, at least four
weeks previous thereto; and the commissioners who shall
meet on the day so appointed for receiving the said sub-
scription, shall cause the said books to be opened at the
places appointed at ten o'clock in the morning, and con-
tinue the same open until five o'clock in the afternoon ;
and if the subscriptions shall exceed the number herein
allotted to the respective counties, then the said commis-
sioners are hereby authorised and directed so to appor-
tion the shares subscribed among the several subscribers,
by proportional reductions, as may reduce the whole to
the number to be subscribed for; but if the said sub-
scriptions shall not be filled up on the first day, the said
commissioners shall have power to adjourn from day to
day until the whole number of shares shall be subscribed
for; and at any time after the first day when the said sub-
scriptions shall be complete, it shall be the duty of the
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Books shall
be opened —
apportionment
of shares.
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