clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3038   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 179

sonal or mixed property, as the Board of Directors of

 

said bank may deern sufficient; may hold, buy and sell

 

bills of exchange, notes, bonds, choses in action, or

 

other securities of any kind and character whatso-

 

ever; may accept and hold all such trusts as shall or

 

may be committed to it by any person, or by the order

 

or direction of any judge or any court or tribunal;

 

and may make such special regulations in reference to

 

trust funds, special deposits or savings left for safe

 

keeping as shall best aid the parties interested, re-

 

ceiving and allowing such legal rate of interest as

 

may be agreed upon ; may purchase such annuities

 

and real, personal or mixed estate as may be requi-

 

site for the immediate accommodation of its business;

 

may issue letters of credit and other commercial

 

obligations, and generally to do and transact a gen-

 

eral banking business.

 

SEC. 6. And be it enacted, That the Board of Di-

Regulate mat-

rectors shall have power to regulate all matters

ters.

pertaining to special or trust deposits, the amounts to

 

be received, at any time, and the manner in which

 

the same shall be received or paid, as the case may

 

be, and to make all needful rules and regulations in

 

that behalf; provided, that the aggregate amount of

 

the said special or trust deposits does not at any one

 

time exceed the capital stock of the bank.

 

SEC. 7. And be it enacted. That whenever any de-

 

posit shall be made by a minor, the directors of said

Deposits of
minors.

bank may, at their discretion, pay to such depositors

 

such sum or sums of money as may be due to him

 

or her, and the check, receipt or acquittance of such

 

minor shall be a valid discharge ; and that the de-

 

posits of married women shall be received or held

 

and paid out on precisely the same terms and con-

 

ditions as those of other adult persons or corpora-

 

tions.

 

SEC. 8. And be it enacted, That the affairs of this

 

corporation herein provided for, shall be managed

 

by a president and directors, and the number of di-

Management.

rectors in this corporation shall not be greater than

 

twelve nor less than seven, and the number of direct-

 

ors in the said bank may be changed by the Board or

 

Directors from time to time within the limits as to

 

the number aforesaid, and no person shall be eligi-

 


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3038   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives