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Session Laws, 1912
Volume 370, Page 950   View pdf image
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950 LAWS OF MARYLAND. [Ch. 644]

WHEREAS, There is doubt as to whether or not the said Weekly
Deposits are Capital Stock, which doubt it is intended by
this Act to remove; now, therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the capital stock of the Middletown Savings Bank
of Frederick County, Maryland, shall be the sum of twenty-
five thousand dollars, to be divided into two hundred and fifty
shares of the par value of one hundred dollars each.

SEC. 2. And be it further enacted, That the holder of certi-
ficates for Weekly Deposits of said Bank may surrender said

certificates to the said Bank, and receive in place thereof a like
amount of the par value of the Capital Stock of said Bank, or
shall receive in cash the face value of their certificates for
Weekly Deposits, and when all of the said certificates for
Weekly Deposits shall have been surrendered to said Bank, no
more such certificates shall be issued.

SEC. 3. And be it further enacted, That the said Bank shall
be subject to the provisions of Article 11 of the Public Gen-

eral 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. 4. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 11, 1912.

CHAPTER 644.

AN ACT to amend the charter of the Emmitsburg Railroad
Company, authorizing and empowering it to conduct and
operate a general express service over its own road, its exten-
sions and connections, and to make traffic agreements with
other express companies.

WHEREAS, The charter of the Emmitsburg Railroad Com-
pany, was amended by the Act of the General Assembly of
Maryland, 1906, Chapter 394, and authorized and empow-
ered to haul packages as well as passenger and freight and
to charge a compensation for said services; and,

"WHEREAS, Doubt has arisen whether the said grant authorizes
and empowers the said company to conduct a general express
business over its own road, its extensions and connections

 

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Session Laws, 1912
Volume 370, Page 950   View pdf image
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