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
The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 245   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

ART. 11] SAVINGS INSTITUTIONS. 245

received; amount of deposits paid out, expenses, taxes and other items
paid, and premium and other items charged off; number of accounts
opened and closed during the year, and amount of interest credited to
depositors; all of which shall be certified and sworn to by the treasurer
before a notary public; and any corporate officer making oath to false
statements in such report shall be deemed guilty of perjury, and upon
conviction shall be subject to the penalties provided by law for that
offense. The president of the savings institution shall certify as to the
correctness thereof, and whether in his judgment the loans on mort-
gages or collateral are properly secured.

1910. ch. 219, sec. 36 (p. 17).

37. An abbreviated statement as of date the last day of December
of each institution so reporting shall be published, during the month of
January in each year, in one or more newspapers in the city or county
in which the institution is located over the names of the president and
treasurer. This statement shall show: Amount of deposits received
during the year, amount of interest and dividends received, amount
of deposits paid out, including interest; amount of expenses paid,
amount of taxes paid, amount of premium and other charges, book
value of total amount of bonds and stocks owned, amount of loans on
collaterals, amount of loans on real estate mortgages, book value of
building occupied by the institution, if any, book value of other real
estate owned, cash on hand and on deposit in banks and trust com-
panies, amount due to depositors, number of deposit accounts opened,
number of deposit accounts closed, number of deposit accounts existing.

1910, ch. 219, sec. 37 (p. 17).

38. In the month of October in every second year prior to the
meeting of the General Assembly of Maryland the treasurer of every
savings institution in the State shall deliver to the Bank Commissioner
a written statement, sworn to by him or by the president, containing
the name and the amount standing to his or her credit of every depositor
who shall not have made any deposit therein or drawn any money upon
their accounts for a period of twenty years next prior to the first day
of September preceding; provided, that this section shall not apply to
the deposit made by any person known to the said treasurer to be living.
The Commissioner shall communicate the statements which shall be
received by him in his next report to the Governor.

1910. ch. 219. sec. 38 (p. 38).

39. Any treasurer of a savings institution who shall neglect or fail
to comply with the provisions of the preceding section shall be subject
to a fine of five hundred dollars for each failure or neglect, to be recov-
ered by indictment in the Circuit Court for the county where the
savings institution may be located, or in the Criminal Court of Balti-
more City, as the case may be.

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 245   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  August 16, 2024
Maryland State Archives