190

LAWS OF MARYLAND.

body, or from the other members ; to fill all va-
cancies that may occur in the Directors or Presi-
dency; to appoint all such officers, agents and
servants as they shall deem necessary to conduct
and execute the business of said corporation ; to
fix their compensation, and in their discretion to
dismiss them ; to take bonds for the said corpo-
ration from all or any of the officers, agents or
servants by them so appointed, with security con-
ditioned in such form as they shall approve, for
the faithful execution of the duties of such officers,

Certificates.

agents or servants, and to secure the said corpora-
tion from loss ; to regulate the manner of making
and receiving deposits, the form of certificates to
be issued to depositors, and the mode of transfer-
ring the same ; to invest the funds of said corpo-
ration, and generally to do any such other acts
touching the same as they shall deem most safe
and beneficial ; to admit members and furnish
proof of such admission ; to exclude members
when they have not any property in said corpo-
ration, and generally to pass all such by-laws as
may be necessary for the exercise of the aforesaid
powers, or the powers vested in said corporation,
and the same by-laws from time to time to alter

Proviso.

and repeal ; provided, that all such by-laws
may be altered and repealed by a majority of the
members assembled at any annual meeting, or at
any general meeting called in pursuance of any
by-laws made for that purpose ; and a majority of
the members present at any annual or general
meeting may pass by-laws, which shall be bind-
ing upon the Directors ; provided also, that such
by-laws shall not be contrary to any law of this
State or of the United States, provided that the
notice of said meeting, as provided for in this
Section, shall be published at least ten days in
the newspapers of Baltimore city.

Members.

Sec. 4. And be it enacted, That every person
who shall be a weekly depositor of said corpora-
tion, and who shall have deposited not less than
one dollar for each week for the period of ten
weeks, shall thereby become a member of said
corporation, and shall have the right to require
and receive from the President thereof, or other
officer in their behalf by the by-laws appointed
or designated, a certificate of membership ; and