JAMES THOMAS, ESQUIRE, GOVERNOR.

1833.

its own shares of stock in payment of any debt or debts;
and if any share or shares are so accepted, then and in such
case the charter hereby granted shall immediately there-
upon be forfeited and annulled, and each and every Direc-

CHAP. 98.

tor consenting to such acceptance, shall forfeit and pay for
every share he consented so to accept, the sum of fifty
dollars, the one-half to the informer, and the other half to
the state, to be adjudged and recovered on indictment and
confession of the party accused, in the county court of the
county, in which he resides.

Penalty

Sec. 18. And be it enacted, That the said Bank shall be
capable and bound according to such rules and by laws as
shall from time to time be adopted by the President and Di-
rectors, to regulate the same, to receive weekly deposites
of money from any free person or persons offering to make
the same, and to pay an interest oi five per cent per annum
thereon, in semi annual payments; Provided, no such depo-
site shall be less than fifty cents, nor exceed the sum of five
dollars per week; and provided, that the amount of depo-

Weekly deposits

sites of no wtekly depositor shall at any time exceed the
sum of two thousand dollars; provided also, that the said
corporation shall not be bound to continue the receipt of
weekly deposits, when the amount thereof shall exceed the
sum of seventy thousand dollars; but may do so or not at
their election.

Limitations

Sec. 19. And be it enacted, That the said President and
Directors may in their discretion , at such times as to them
shall seem expedient, invest in stock of the United States,
the state of Maryland, or of the said Bank, or in the stock
of the city of Baltimore, or some of the Banks or bodies
corporate, created under the authority of the United States,
or of the stale of Maryland, any sum or sums of money
which together shall not exceed the whole amount by them
received on weekly deposites.

Investments
authorised

Sec. 20. And be it enacted, That nothing in this act con-
tained shall be so construed as to authorise and empower
the Bank hereby incorporated to establish any branch,
agency, office or house, Cor the transaction of Banking bu-
siness, at any place other than the village of Ellicott's Mills,
as aforesaid.

Blanches prohibit-
ed

Sec. 21 . And be it enacted, That if three thousand shares
of the capital stock of said company shall not be subscrib-
ed within two years after the passage of this act; this act,
and all the subscrptions taken under it shall be null and void,
and the commissioners appointed to open the books, and

Period to go into
operation limited