PRIVATE . ACTS. 1313

State tax upon two thousand four hundred and sixty-five dol-
lars on real estate, erroneously assessed against him for the
years 1904, 1905, 1906, 1907 and 1908.

Approved April 7, 1910.

CHAPTER 637.

AN ACT to enlarge and extend the powers of the Middletown
Savings Bank of Frederick county, Maryland, and to in-
crease and regulate the Board of Directors of the same.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Middletown Savings Bank of Frederick county,
Maryland, a corporation duly formed under the provisions of
the General Incorporated Laws of the State of Maryland by
certificate recorded November 15th, 1907, in record of corpora-
tion No. 3, folio 10, one of the Corporation Records of Freder-
ick county, in addition to the powers possessed by it under said
certificate of incorporation shall have and possess the further
rights, privileges and powers contained and granted in this Act.

SEC. 2. And be it further enacted, That the said Middletown

Savings Bank of Frederick county, Maryland, shall have power
to borrow money, and pay interest thereon, not exceeding the
legal rate; receiving money on deposit on such conditions and
subject to such regulations as the Board of Directors may
determine, and to loan money upon such security as the Board
of Directors may deem sufficient, and shall have and exercise by
its Board of Directors or duly authorized officers or agents all
such incidental powers as shall be necessary to carry on the
business of banking by discounting and negotiating promissory
notes, drafts, bills of exchange and other evidences of debt, by
buying and selling exchange, stocks, bonds, coin and bullion,
by lending money on -personal or other security, and may pur-
chase and hold or sell such real and personal estate and prop-
erty as may be necessary for the transaction of its business,
and generally may do and transact a general banking business.

SEC. 3. And be it further enacted, That the number of di-
rectors of said bank may from time to time be regulated by the
by-laws of said bank, but that the number, of directors shall be
not less than five nor more than fifteen; provided, however, that
said company shall be subject to the provisions of Article 11 of
the Public General Laws of this State, title "Banks" and any
amendments thereof, and the liability of the stockholders there-
of shall at all times be determined by the laws of the State in
force at the time the said liabilities may attach and further
provided that the said company shall not be subject to Article
3, Section 25 of said Article 11.