1168

LAWS OF MARYLAND.

SEC. 5. And be it enacted, That the directors of said Se-

curity and Deposit Bank of Federalsburg, Maryland, may pay

Interest and

out of the net profits of the business of said bank such interest

dividends.

on transient and permanent deposits in said bank, and such

dividends on the capital stock of said bank as will not impair

the capital of said Security and Deposit Bank.

SEC. 6. And be it enacted, That whenever any deposits shall

Deposits by
minors, etc.

be made by a minor or married woman, such deposits shall

be received or held and paid out on precisely the same terms

and conditions as those of adult male or female depositors,

and the check, receipt or acquittance of such minor or mar-

ried woman shall be valid and binding on them.

SEC. 7. And be it enacted, That the directors of the Security

May increase
the direc-

and Deposit Bank may, by a three-fourths' vote of all the
directors, increase the number of directors to eleven, or de-

torate.

crease the number to five ; provided, the change in the number

of directors shall not take effect until the next succeeding

annual election by the stockholders and directors.

SEC. 8. And be it enacted, That the creation of this corpora-

Stockholders

tion is on the condition that the stockholders and directors of

and directors
to be liable.

this corporation shall be liable to the amount of their respective

share or shares of stock in this corporation for all of the debts

and liabilities upon note, bill or otherwise.

SEC. 9. And be it enacted, That this Act, shall take effect

from the date of its passage.

Approved April 12, 1904.

CHAPTER 661.

AN ACT to repeal and re-enact with amendments Section 2

of Article 35 of the Code of Public General Laws, title "Evi-

dence," sub-title "Competency of Witnesses," as repealed

and re-enacted by the Act of 1902, Chapter 495.

SECTION 1. Be it enacted by the General Assembly of Mary-

land, That Section 2 of Article 35 of the Code of Public Gen-

"Competency

eral Laws, title "Evidence," sub-title "Competency of Wit-

of Wit-
nesses."

nesses," as repealed and re-enacted by the Act of 1902, Chap-

ter 495, be and the same is hereby repealed and re-enacted

with amendments so as to read as follows :

2. In actions or proceedings by or against executors, admin-

istrators, heirs, devisees, legatees or distributees of a decedent