clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2941   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

THOMAS SWANN, ESQUlRE, GOVERNOR. 603

Sec. 6. Se it enacted, That a re port of the state
of the institution shall be prepared annually in
the month of March by three auditors appointed
for that purpose by the Directors, who shall not
be of their own body, and such report shall be
published for the information of the depositors.

Annual re-
port.

Sec. 7. Be it enacted, That the books of the said
corporation shall at all times be opened for inspec-
tion and examination to the Comptroller of this
State and such other persons as the General As-
sembly may appoint as its agents for that purpose.

Opened for
inspection.

Sec. 8. Se it enacted, That no member or Di-
rector shall be liable in his person or property for
any debts, contracts or engagements of the said
corporation, but that the money, property, rights
and credits of said corporation and nothing more
shall be liable for the same.

Not liable in
person.

Sec. 9. Se it enacted, That the Directors be and
they are hereby authorized to make from time to
time, as they may deem expedient, such by-laws
or other rules for the regulation and government
of themselves and the depositors of said corpora-
tion, and the same to change, add to or amend as
may appear necessary and proper ; provided, al-
ways, that such by-laws or rules be not contrary
to the Constitution and Laws of the United States,
State of Maryland or the provisions of this charter.

By-laws.

Sec. 10. Be it enacted, That the said corporation
shall not be authorized to make any bills or notes
in the nature or description of bank notes.

Banking pro-
hibited.

Sec. 11. And be it enacted, That whenever any
deposit shall be made by a minor, the Directors
of said corporation may at their discretion pay to
such depositor such sum or sums as may be due
him or her, and the check, receipt or acquittance
of such minor shall be valid. And that the de-
posits of married women shall be received or held
and paid out on precisely the same terms and con-
ditions as those of other adult persons, any law or
statute of this State to the contrary thereof in
anywise notwithstanding.

Deposits.

Sec. 12. Re it enacted, That this Act shall take
effect from the date of its passage, and the General
Assembly reserves the right to alter, amend or
repeal this Act at pleasure.
Approved March 30, 1868.

In force and
reservation.



 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2941   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 16, 2024
Maryland State Archives