1110

LAWS OF MARYLAND.

have and use a common seal, and the same to break, alter and
renew at their pleasure, and generally to do and execute all
and singular such acts, matters and things as a corporation
and a body politic may and can lawfully execute.

Capital stock,
with privilege
to increase.

SEC. 3. And be it enacted, That the capital stock of the
Exchange and Savings Bank of Berlin, Maryland, shall be
thirty-five thousand dollars, and privilege is hereby given to
said corporation to increase its capital stock to one hundred
thousand dollars or less by new subscriptions or by adding to
said capital semi-annually or annually a portion of its net
proceeds not otherwise appropriated whenever it shall be so
determined by the Board of Directors.

Manner of
conducting
business

SEC. 4. And be it enacted, That said corporation shall have
power to borrow money, receive money on deposit, to loan
money or to discount in accordance with bank visage, taking
such security therefor, either real or personal, as the Board
of Directors of said Bank may deem sufficient, may buy or sell
bills of exchange, notes, bonds or other securities, may pur-
chase and hold such real estate and personal estate and prop-
erty as may be necessary for the accommodation and transac-
tion of its business, may issue letters of credit and other
commercial obligations, and generally do and transact a
general banking business, and shall have power to act as
agent for the purpose of issuing, registering or countersigning
certificates of stock, bonds or other evidences of debt of any
State, corporation, association, municipality or public author-
ity on such terms as may be agreed upon, to deal in exchange,
foreign or domestic, and in every and all descriptions of prop-
erties, personal effects, securities, mortgages, land, certificates
of indebtedness, stocks of incorporated companies, notes,
loans or bonds of the United States, or of any city or county
or municipality, or any incorporated company or any indi-
vidual.

Deposits by a
minor or
married
woman.

SEC. 5. And be it enacted, That whenever any deposit shall
be made by a minor or a married woman such deposit shall be
received or held and paid out on precisely the same conditions
as those of adult male or adult female depositors. And the
directors of said bank may at their discretion pay to any
minor or femme covert depositor such sum or sums of money
as may be due to him or her, and the check, receipt or acquit-
tance of such minor or femme covert, shall be valid, any law of
this State to the contrary notwithstanding.

May receive
upon storage
merchandise,
plate, bullion,
etc.

SEC. 6. And be it enacted, That said bank may receive upon
storage deposit or otherwise, merchandise, special plate, bul-
lion, stocks, promissory notes, certificates and evidences of