410

LAWS OF MARYLAND.

Delinquents
fined.

and on failure to make such payments, they may
impose uniform fines upon the delinquent stockhold-

ers of not more than five cents per share for each

and every such neglect to pay, and collect said pay-

ments and fines by suit or sale of stock at public

auction after due notice, and transfer the stock so

sold to the purchaser, as the board of directors may

determine.

SEC. 5. And be it enacted, That the board of di-

Power to in-

rectors shall have power to increase the capital stock

crease capital

of said bank to the amount of one hundred thousand

stock.

dollars, or any part thereof, in shares of fifty dollars

each, and receive subscriptions therefor at any time;

and such additional stock shall be subject to all the

liabilities, rights, immunities and privileges of the

May declare
dividends.

original stock ; the board of directors may declare

dividends upon said capital stock, upon an equitable

and uniform basis of calculation of profits, as to the

time of payment of instalments on said stock, pro-

vided said dividends do not reduce the surplus of

profits of said bank below five per cent, on the amount

of capital actually paid in.

SEC. 6. And le it enacted, That whenever any

Deposits by

deposit shall be made by a minor the board of di-

minors or
married wo-
men.

rectors may, at their discretion, pay to such depositor
such sum or sums as may be due him or her, and the

check, receipt or acquittance of such minor shall be

valid ; and that the deposits of married women shall

be received, held and paid out on the same terms and

conditions as those of other adult persons, any law

or statute of this State to the contrary notwith-

standing.

SEC. 7. And be it enacted, That the stockholders

Stockholders

of said bank shall be liable to the amount of their

liable.

respective share or shares of stock in said bank for

all its indebtedness and liabilities upon notes, bills

or otherwise ; the books, papers and accounts of said

bank shall be open to inspection under such regu-

lations as may be prescribed by law.

SEC. 8. And be it enacted, That the principal office

Principal

of the said bank shall be located in the town of

office.

Havre-de-Grace, in Harford county.