654

LAWS OF MARYLAND.

duties of such officers, agents or servants, and to
secure the said corporation from loss ; to regulate
the manner of making and receiving deposits, the

Manner of
making and
receiving de-
posits, mode
of transferring
the same, &c.

forms of certificates to be issued to depositors and
the mode of transferring the same, to invest the
funds of said corporation 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
corporation, and generally to pass all such by-laws
as may be necessary for the exercise of the afore-
said powers or the powers vested in the said corpo-
ration ; and the same by-laws .from time to time to
alter 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may be altered and repealed by a majority of the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 binding
upon the Directors, provided also that such by-
laws shall not be contrary to any law of this State
or of the United States.

Right to
membership.

Sec. 4. And be it enacted, That every white per-
son who shall be a weekly depositor of said corpo-
ration, 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 cor-
poration, and who shall have a right to require
and receive from the President thereof, or other
officers, in their behalf, by the by-laws appointed
and designed, a certificate of membership, and the
person eo becoming a member shall, so long as his
said amount of deposit shall remain with the said
corporation under the provisions of this Act and
under any by-laws of the said corporation; and the
regular weekly deposits of any members of said
corporation shall in no case exceed the sum of ten
dollars for any one week, and the whole amount
of such deposits of any such member shall in no
case exceed the sum of five thousand dollars, and
it is hereby provided that nothing in this Act con-

Not to mis-
construe.

tained shall be so construed as to confer authority
on the Directors or stockholders, by any rule or
by-law, to restrict or limit the number of weekly
depositors who may desire to deposit or become