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Session Laws, 1814
Volume 633, Page 68   View pdf image
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68

LAWS OF MARYLAND.

DEC. SESS.
1814.

of the said bank stock, who shall commit any fraud or
embezzlement ...ing the money or property of the
bank, shall be liable to be prosecuted in the name of the
state, by indictment for the same, in any court of law
in this state having jurisdiction thereof; and upon con-
viction thereof shall, besides the remedy that may be had
by action in the name of the president and directors of
the Havre-de Grace bank, for the fraud aforesaid, forfeit
all his or her share of stock in the said bank to the com-
pany.

Style and title
— powers and
privileges.

23. AND BE IT ENACTED, That all persons who
shall become subscribers to the said bank, their succes-
sors and assigns, shall be and are hereby made a corpo-
ration and body politic, by the name and style of the
president and directors of the Havre de-Grace bank,
and by that name shall be and are hereby made able and
capable in law, to sue and be sued, plead and be implead-
ed, answer and be answered, defend and be defended, in
any court of record, or any other place whatsoever, and
also to make, have and use a common seal, and the
same to break, alter and renew at pleasure, and to
make, issue and negotiate notes, and generally to do

Proviso.

and execute all such acts, matters and things as to them
shall appertain under the clauses of this act,; Provided
always, that no note shall be issued or put in circulation
by said bank after the next session of the general assem-
bly for a less sum than five dollars.

Treasurer of
the Western
Shore shall be
annually fur-
nished with a
statement of
capital.

24. AND BE IT ENACTED, That the treasurer of
the Western Shore, for the time being, shall be furnished
once in every year, or oftener if required, with state-
ments of the amount of the capital stock of the said cor-
poration, and of the debts due to and from the same, of
the monies deposited therein, of the notes in circulation,
of the cash in hand, and of the profits made, and shall
have a right to inspect such general accounts in the books
of the bank as shall relate to the said statements, but
nothing herein contained shall be construed to imply a
right of inspecting the account of any private individual
er individuals with the bank, nor shall such general state-
ment and power of inspection be used for any other pur-
pose than to enable him to form a just opinion of the
state of the institution relative to the public safety, and
of the profits thereof, over which he is hereby appointed
guardian, as far as the same relates to the state.

Loans to the
state &c.

35. AND BE IT ENACTED, That no loan shall
be made by the said corporation for the use or on account
of this state or the United States, or of any particular
state, to an amount exceeding thirty thousand dollars, or
such sum as now is or may be allowed by law, or to any
foreign prince or state whatever, without the previous
consent of the legislature. That the capital stock and funds
of the bank shall be deemed and taken to be personal and
not real estate.



 
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Session Laws, 1814
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