GEORGE HOWARD, ESQ. GOYERNOR.

1831.

said society from loss; to regulate the manner of making
and receiving deposits, the form of certificates of deposits,

CHAP. 211.

and the manner of transferring the same; to provide for the
investment of the funds of the said society, in such manner

Investments.

as they shall deem most safe and beneficial; to provide for
the admission of members, and furnishing proof of such
admission; to provide for paying all necessary expenses,

Admit members.

conducting the affairs of the said society, and generally to
pass all such by laws as shall be necessary to carry into ef-
fect, the provisions of this act, and the same by laws, from

Make by laws.

time to time, to alter and repeal; Provided, That all such
by-laws as shall be made by the directors, may be altered
or repealed by a majority of the members assembled at any
annual meeting, or at any general meeting called in persu-
ance of any by-law made for that purpose; and a majority
of the members may, at any annual or general meeting, pass
by laws which shall be binding upon the directors; Provided,
That such by-laws shall not be contrary to the laws of this
state or of the United States.

Provisors.

Sec. 4. And be it enacted, That the, said society shall be
capable of receiving from any free white person or persons,

May receive de
posits

any deposit or deposits of money, and shall have the power
of investing all monies so received, in public stock or other
securities, at the discretion of the directors, and in the
manner deemed by them most safe and beneficial.

Make investments

Sec. 5. And be it enacted, That every person who shall
be a regular weekly depositor of said society, and who
shall have deposited not less than one dollar in each week
for the period of twelve successive months, shall have the
privilege of becoming a member of said society, and shall
have the right to require and receive from the proper officer
thereof, under its by-laws, a certificate of membership; and
that when such depositor shall have received such certifi-
cate of membership, he shall hereby become entitled to all
the rights and privileges of a member of said society, under
its by-laws, or under the provisions of this act.

Right to member-
ship.

Sec. 6. And be it enacted, That the regular weekly de-
posits of any member of said society, shall in no case ex-
ceed the sum of five dollars in any one week, and that the
whole amount of such deposits, shall in no instance exceed
the sum of two thousand dollars.

Limit of deposit.

Sec. 7. And be it enacted, That it shall be the duty of
the directors, at least once in every six months, to appoint
from the members of said society, five competent persons
as a committee of examination, whose duty it shall be to
investigate the affairs of said society, and to make and pub-
list a report thereof, in one or more newspapers printed in

Committee of ex-
aminers.