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chap. 171.
Article in which
bank may be con-
cerned.
Notes discounted
and made payable
at bank, &c. what
shall be deemed
sufficient notice
thereof.
Fraud or embez-
zlement.
Notes may be dis-
counted for any
length of time not
exceeding six
months.
Elections of origi-
nal act repealed.
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3. And be it enacted, That the said bank may be concerned in
bullion, specie, United States stock, stock of the state of Mary-
land, mortgages, bills of exchange, and notes, or any collateral or
other securities that may appear expedient to the president and di-
rectors.
4. And be it enacted. That when any note or bill discounted, or
any note or bill deposited in the said bank for collection, shall on
its face be negotiable and payable at the Planters Bank of Prince-
George's County, or payable at some house or office in the town
of Upper Marlborough, notice given on the last day of grace at
the bank, or house or office, where it may be made payable, by
any officer of the bank, or by a notary public, that such note or
bill hath become due, and that it is unpaid, shall be to all intents
and purposes as effectual to bind the drawer, acceptor and endors-
ers, or other securities, of such note or bill, as if notice had been
personally served on each of them.
5. And be it enacted, That any director, officer, or other person,
having any share or capital of the said bank, who shall commit
any fraud or embezzlement touching the money or other 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,
and upon conviction thereof shall, besides the remedy that may be
had by action in the name of The Planters Bank of Prince-Geor-
ge's County for the fraud aforesaid, forfeit all his share of stock
in the said bank to the company.
6. And be it enacted, That the president and directors may dis-
count notes, bills or acceptances, for any length of time not exceed-
ing six months, and renew the same from time to time at pleasure,
at a rate of interest not exceeding six per centum per annum, and
may lend money on mortgages of land, or other property, for any
length of time not exceeding twelve months, and renew the same
from time to time at pleasure, at a rate of interest not exceeding
six per centum per annum, and may sue for them in the same man-
ner as is provided by the twenty fourth section of the act to which
this is a supplement.
7. And be it enacted, That the fifth, sixteenth, seventeenth, twen-
ty second, twenty-third and thirty-first sections of the act to which
this is a supplement, be and the same are hereby repealed.
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Passed Jan 30 18l9
Preamble.
Their acts and
proceedings made
valid.
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CHAPTER 172.
An act to confirm and make valid the acts and proceedings
of James Steuart and Thomas Tenant as Justices of the
Peace for Baltimore county.
Whereas James Steuart and Thomas Tenant were in the com-
mission of the peace for Baltimore county during the year of our
Lord one thousand eight hundred and seventeen, and for several
years previously thereto, and believing that they were commission-
ed for the year one thousand eight hundred and eighteen, did con-
tinue to act for sometime, until they were at different times respec-
tively restored to the commission of the peace in and for the county
aforesaid; therefore,
Sec. 1. Be it enacted by the General Assembly of Maryland, That
all acts and proceedings which have been done and made by the
said James Steuart and Thomas Tenant, during the year one
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