PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 203

CHAPTER 98.

AN ACT to repeal and re-enact with amendments sections 2 and
9 of Chapter 93 of the Acts of the General Assembly of
Maryland, passed in the year 1860, being an act to incorpor-
ate the Mechanics' Loan and Savings Institute at Hagers-
town, Maryland; and to add an additional section to said
Chapter 93 to follow section 9, and to be known as section

9A.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That sections 2 and 9 of Chapter 93 of the Acts of the
General Assembly of Maryland, passed in the year 1860, be and
the same are hereby repealed and re-enacted with amendments:
and that an additional section be, and it is hereby, added to said
Chapter 93 to follow said section 9, and to be known as section
9A; the said sections hereby repealed, and re-enacted, with
amendments, and the said new section hereby added, to read,
respectively, as follows; provided, however, that said bank shall
be subject to the provisions of Article 11 of the Public General
Laws of this State, title "Banks", and any amendments thereof,
and the liability of the stockholders thereof shall at all times
be determined by the laws of the State in force at the time the
said liabilities may attach.

SEC. 2. That there shall be a meeting of the depositors of
Mechanics' Loan and Savings Institute on such day, in the
month of January, in each year, as the by-laws of said institute
shall provide, for the purpose of choosing from among the mem-
bers not less than six directors, as the by-laws may provide, to
manage the affairs of said institute for twelve months there-
after, or until their successors have been duly elected and quali-
fied; notice of said annual meeting, of at least ten days, shall
be given in one or more newspapers, published in Hagerstown;
provided, that each election shall take place within one month
prior to the expiration of the term for which the preceding
directors shall have been elected and the judges of all elections
shall be appointed as the by-laws shall provide.

SEC. 9. That the capital stock, or weekly deposits, of said
corporation, shall not exceed the sum of eight hundred thousand
dollars until an additional capital is authorized by the General
Assembly.

SEC. 9A. That the said Mechanics' Loan and Savings Insti-
tute is hereby authorized to establish, and conduct, in Wash-
ington county, a branch bank and savings institute, or branch