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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3241   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR. 903

tion of bank notes, or to loan,any part of the funds
deposited to any Director of said corporation.

 

Sec. 3. And be it enacted, That the said corpo-
ration shall be capable of receiving from, any per-
son or persons any deposit or deposits of money,
and that all moneys received or to be received,
shall be vested in public stocks or other securities,
and such interest be allowed to the depositors
thereof as may from time to time be directed or
provided for by the by-laws of said corporation, the
surplus profits to be divided every three years
among the depositors in such manner as the Di-
rectors for the time being may think proper, and
that no member shall be liable in his person or
property for any debts, contracts or engagements
of the said corporation, but that the money, pro-
perty, rights and credits of said corporation, and
nothing more, shall be liable for the same.

Receive de-
posits.

Sec. 4. And be it enacted, That the Directors of
said corporation, or a majority of those attending
at any meeting of the Board, may elect by ballot
any other person or persons as members of the
Broadway Savings Bank of Baltimore.

Powers of
Directors.

Sec. 5. And be it enacted, That this Act shall
take effect from and after 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.

CHAPTER 465.

AN ACT to repeal Section one hundred and twenty-
seven, Article twenty-two, Public Local Laws,
entitled "Worcester County," and re-enact the
same with amendments.

 

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Section one hundred and twenty-
seven, Article twenty-two, of the Code of Public

Repealed.



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3241   View pdf image (33K)
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