174

LAWS OF MARYLAND.

the stockholders of said bank as may be called for such pur-

pose by a three-fourths vote of the shares of stock of the

said bank to an amount not exceeding one hundred thousand

dollars.

SEC. 4. And be it enacted, That the directors of the said

Interest and
dividends.

Ridgely Savings Bank of Caroline County, Maryland, may

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

interest on stockholders' transient deposits in said bank, and

such dividends on the capital stock of said bank to the stock-

holders of said bank, as will not impair the capital of the

said Ridgely Savings Bank of Caroline County, Maryland.

SEC. 5. And be it enacted, That the said Ridgely Savings

Right to trans-

Bank of Caroline County, Maryland, shall have power to bor-

act a general
banking busi-

row money and pay interest thereon, not exceeding the legal

ness.

rate; receive money on deposit on such conditions and sub-

ject to such regulations as the board of directors of said bank

may deem sufficient, and to buy or discount notes or other

commercial paper, county script or obligation of the counties

and cities of this State, or public or private obligations of

every description, and may, after purchasing, sell the same

in such manner and on such terms as the board of directors

of the said bank may determine; may purchase and hold

or sell real and personal estate and property, and generally

may do and transact a general banking business.

SEC. 6. And be it enacted, That any individual or adminis-

Authority to

trator, committee, guardian, receiver, assignee, trustee, or any

deposit mon-
eys.

public officer of Caroline County or elsewhere other than the

County Treasurer, or any person or persons acting for others,

having the custody of any moneys belonging to themselves

or others, are authorized to deposit the same in the said

Ridgely Savings Bank of Caroline County, should they so

desire, any local law of the State to the contrary notwith-

standing.

SEC. 7. And be it enacted, That whenever any deposits shall

Minors and
married

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

women.

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

and conditions as those of adult male or adult female de-

positors, and the check, receipt or acquittance of such minor

or married woman shall be valid and binding on them, any

law of this State to the contrary notwithstanding.

SEC. 8. And be it enacted, That this Act shall take effect

from the date of its passage.

Approved March 17, 1904.