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LAWS OF MARYLAND.

CHAPTER 478.

AN ACT to enlarge and extend the powers and franchises of the

Workingmen's building and loan association of St. Michaels,

Talbot county, so as to enable it to make loans on promissory

notes and to purchase evidences of debt.

SECTION 1. Be it enacted by the General Assembly of Maryland,

That the powers and franchises of the Workingmen's building and

loan association of St. Michaels, Talbot county, a body corporate

duly incorporated under the general incorporation laws of the

State of Maryland, be and the same are hereby enlarged and ex-

tended so as to authorize and permit said corporate body to make

To extend

loans of unemployed funds or moneys to its members or other per-

franchises

sons on promissory notes, with a clause embodied in the same for

the payment of attorney's commissions of collection in case of

default of payment, to be accompanied with personal security or

endorsement, or with collateral security if desired, or both, and

with any unemployed funds or moneys to purchase bonds, notes,

accounts, orders and other evidences of debt; provided, that said

corporate body before it shall exercise any of the powers and fran-

chises herein enumerated, in addition to the other taxes to which

it is now or shall be hereafter liable, shall obtain from the clerk

of the circuit court for Talbot county, who is hereby authorized

to issue the same as in individual cases, a bill broker's license as

is now or shall hereafter be provided by law.

Effective.

SEC. 2. And be it enacted, That this act shall take effect from

the date of its passage.

Approved April 3, 1890.

CHAPTER 479.

AN ACT to repeal and re-enact with amendments chapter twenty-

nine, of the acts of eighteen hundred and eighty, continuing

the corporate existence of the Chesapeake bank.

SECTION 1. Be it enacted by the General Assembly cf Maryland,

Repeal

That chapter twenty-nine, of the acts of eighteen hundred and

eighty is hereby repealed, amended and re-enacted so as to read

as follows :

SEC. 2. That the Chesapeake bank a corporation duly incor-

porated by an act of the General Assembly of Maryland, passed

at its December session of the year eighteen hundred and thirty-

five, chapter three hundred and thirteen, be and the same is

hereby continued in existence as a corporation for the term of