JAMES THOMAS, ESQUIRE, GOVERNOR.

1833.

shall they be liable to be withdrawn: Provided, that the
whole-amount of stock and weekly deposites of any, mem-
ber or stockholder shall at no time exceed in value, the
sum of two thousand dollars, as provided in the original
charter.

CHAP. 18.

Sec. 2. A/id be it further enacted, That" any holder or
holders of such stock shall be entitled to vote thereon in
person or by proxy, at elections of directors, and at general
meetings of the stockholders, in such manner as may be
regulated by the president and directors, but the mere own-

May vote

ership of the stock of the society shall not confer any pri-
vilege of membership except that of voting upon such
stock.

Not entitled to
membership

Sec. 3. And be it enacted, That all permanent invest-
ments of deposites in the said society, heretofore made by
any member or weekly depositor or depositors, by convert-
ing the same into stock, agreeably to the bye laws of said
society, shall be and the same are hereby confirmed and
made valid; and that the owner or owners of such stock
shall have all the rights and privileges in transferring and
voting upon said stock, and receiving dividends thereon,

Investments made
valid

and which are given by this act to the owner or owners
of stock formed agreeably to the provisions of this act.

Rights conferred

Sec. 4. And be it enacted, That every person, who is or
may hereafter become a member of said society, whenso-
ever he shall have no interest either in stock, or regular
weekly deposites of said society, shall cease to be a mem-
ber thereof.

Membership to
cease when inter-
est ceases

Sec. 5. And be it enacted, That the weekly deposites of
any person or persons in this institution shall at all times
be liable, and the directors or a majority of them are fully
authorised, in their discretion, to apply the said weekly
deposites aforesaid to the liquidation of any obligation or
promissary note not paid at maturity, either by the drawer
or endorser thereof.

Depositor liable for
obligation!