954

LAWS OF MARYLAND.

same to pay over unto the depositors or their legal
representatives within ten days thereafter, if called
upon so to do.

Subject to in-
spection.

Sec. 154. And be it enacted, That the concerns of
any institution under this Article, shall at all
times be subject to the inspection of the Treasurer
of Maryland, or of such other officer or agent of
the State of Maryland as may be appointed or se-
lected for that purpose by either branch of the
Legislature.

Capital stock.

Sec. 155. And be it enacted, That the capital stock
of any such corporation shall not exceed one mil-
lion of dollars.

Churches.

Sec. 156. And be it enacted, That in every church,
religious society or congregation of whatever sect,
order or denomination, or which shall at any time
hereafter be known and acknowledged in the State,
and protected in the free and full exercise of its re-
ligion by the Constitution and Laws thereof, there
shall be sufficient power and authority in all
persons above twenty-one years of age, belonging
to any such church, society or congregation, to
elect at their discretion, certain sober and discreet
persons, not less than four, nor more than twelve,
which persons so elected, upon being registered,
as hereinafter directed, shall be constituted a body
politic or corporate to act as Trustees in the name
and behalf of the particular church, society or
congregation for which they are respectively chosen
and to manage the estate, property, interest and
inheritance of the same.

Power of
Trustees.

Sec. 157. And be it enacted, That the Trustees
so elected, shall have perpetual succession by their
name of incorporation, and shall be capable in law
to purchase, take and hold to them and their suc-
cessors in fee, or for a less estate, any lands, tene-
ments or hereditaments, rents or annuities, goods
or chattels within this State, by the gift, bargain,
sale or devise of any person, body politic or corpo-
rate, capable of making the same, and to use or
lease, mortgage or sell and convey the same in
such manner as they may judge most conducive to
the interest of their respective churches, societies
or congregations ; provided, that nothing herein
shall authorize any sale, mortgage or other disposi-