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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3673   View pdf image (33K)
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814

LAWS OF MARYLAND.

 

SEC. 6. And be it enacted, That at any time after

May increase

the payment of the original capital of fifty thousand

 

dollars, into the bank as hereinbefore set forth, the

 

board of directors may increase the capital of the

 

corporation to the amount limited, or any part there-

 

of, in shares of fifty dollars each, and such increased

 

stock to be subject to all the liabilities, immunities

 

and privileges of the original stock; stockholders

 

shall have the option of subscribing to such increased

 

stock within such time as the directors may limit.

 

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

Deposits of

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

minors

bank may at their discretion, pay to such depositors,

 

such sum or sums as may be due him or her, and

 

the check, receipt or acquittance of such minor shall

 

be valid ; and that the deposits of married women

 

shall be received, or held and paid out on precisely

 

the same terms and conditions as those of other adult

 

persons, any law or statute of this State to the con-

 

trary thereof in anywise notwithstanding.

 

SEC. 8. And be it enacted, That the stockholders of

Liability.

said bank shall be liable to the amount of their

 

respective share or shares of stock in said bank or

 

banking institution, for all its debts and liabilities

 

upon note or notes, bill or bills or otherwise ; the

 

books, papers and accounts of said bank shall be

 

open to inspection under such regulations as may be

 

prescribed by law.

In force

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

 

effect from the date of its passage, and the General

Reserved.

Assembly reserves the right to alter or annul this

 

act at pleasure.

 

Approved April 11th, 1874.



 
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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3673   View pdf image (33K)
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