THOMAS SWANN, ESQUIRE. GOVERNOR. 655
members of said corporation ; provided, however,
that the amount paid in by each depositor.be not
less than one dollar per week, and that they, in all
things, comply with the provisions of this Act
and the rules and by-laws which from time to time
shall be adopted.
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Proviso.
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Sec. 5. And be it enacted, That the said corpo-
ration shall be capable to receive from any person
or persons any deposits of money, and use all
moneys so received in discounting notes, or to in-
vest the same in public stock or other securities at
the discretion of the Directors according to the by-
laws, and in such manner as they deem most safe
and beneficial, and the said corporation shall be
capable of receiving from any person or persons
any transient deposit or deposits of money, which
said deposit or deposits shall be subject to the
checks from time to time of the person or persons
making the same ; provided that no President,
Director or officer of the said corporation shall
borrow money from the same, but ordinary deal-
ings of the institution in the sale and purchase of
bills of exchange, notes of hand or specie shall
not be considered borrowing within the meaning
of this Act.
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Capability.
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Sec. 6. And be it enacted, That it shall be the
duty of the Directors at least once in every six
months, to appoint from the members of the cor-
poration five competent person to investigate the
affairs of said corporation and to make a report
thereof, which report shall be recorded in a book
kept for that purpose that shall be open for the
inspection at all times of any depositor or member ;
and it shall be the duty of the Directors, on the
first Monday of April and the first Monday of
October in each and every year, to make and de-
clare such dividend of the profits as shall have
been made by the investments hereinbefore pro-
vided for, after paying the expenses of the institu-
tion, and the same to pay over to the members of
the said corporation or their legal representatives
within ten days thereafter.
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Dirty of
Directors.
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Sec. 7. And be it enacted, That the lands, ten-
ements and hereditaments which it shall be lawful
for the said corporation to hold, shall be only such
as shall be requisite for its immediate accommoda-
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Legality.
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