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court in said county, on the third Monday of April next, for the
purposes of performing the duties of this act; and the commission-
ers so meeting may adjourn from time to time, and place to place,
until the. whole he completed.
3. And be it enacted, That it shall he the duty of the clerk or Al-
legany county to furnish to the sheriff of said county four copies
of the proceedings of the said commissioners, who shall cause one
copy of the same to be set up at the court-house door of said coun-
ty at least time weeks before the next election.
4. And be it enacted, For all services performed by the commis-
sioners aforesaid by virtue of this act, the levy court of Allegany
county shall make reasonable compensation, and shall levy the
same upon the said county, and the same shall be collected and
paid as other county charges.
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Dec. Ses. 1817
Clerk to fur-
nish sheriff
with copies of
their proceed-
ings.
Compensation
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CHAPTER 16.
An act to establish a Bank and Incorporate a Company un-
der the title of The Planters Bank, of Prince George's
County.
Sec. 1. Be it enacted by the General Assembly of Maryland, That
a bank to be called and known by the name of The Planters Bank of
Prince George's County, shall be established at the town of Upper
Marlborough in said county.
2. And be it enacted, That the capital stock of the bank shall be
limited to two hundred thousand dollars, money of the United
States, to consist of eight thousand shares of twenty-five dollars
each.
3. And be it enacted, That a book of subscription for the said ca-
pital shall be opened at Upper Marlborough, under the direction
of John R. Magruder, John Hodges of Thomas, and William
Hill, or a majority of them, on a day appointed by them for that
purpose, and notified in the most public places of the county, and
elsewhere, as shall seem most expedient to the commissioners afore-
said, at least three weeks previous thereto; who shall meet on the
day so appointed for receiving subscriptions, at ten o'clock A. M.
and continue the same open till five P. M. and if the subscriptions
shall exceed the capital, the commissioners shall apportion the same
among the subscribers by proportionate deductions, so the whole
be reduced to the proper limits; but if the said subscriptions shall
not be filled on the first day, the commissioners aforesaid may ad-
journ, from day today, during five days, exclusive of the first, and
at any time after the first day, if the subscription shall be complet-
ed, the commissioners shall close the book, and those, who have
previously subscribed shall be entitled to stock in the said bank,
from each of whom the said commissioners, at the time of subscrib-
ing, shall exact the first instalment of five dollars on each share.
4. And be it enacted, That within ten days after closing the sub-
scriptions, a majority of the commissioners shall meet at Upper
Marlborough for the purpose of holding an election for the presi-
dent and directors of said bank.
5. dad be it enacted, That the concerns of the said bank shall be
conducted by a president and twelve directors, to be chosen annu-
ally, by the stockholders, two of which said directors shall go out
2
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Passed Jan. 5.
Bank to be
established.
Capital.
Books to be
opened for
subscriptions.
Election of
president and
directors.
Concerns of
bank—how to
be conducted.
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