JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 743
provided also, that such by-laws shall not be con-
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trary to any law of this State, or of the United
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States.
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SEC. 6. And be it enacted, That no stockholder,
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unless he be a citizen of the State of Maryland,
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shall be eligible as a director or president of said
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Who is eligi-
ble
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corporation; and every president or director, as
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the case may be, shall cease to be a director or
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president upon his ceasing to be a stockholder or
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citizen of this State.
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SEC. 7. And be it enacted, That the said corpora-
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tion shall have power to borrow money and pay
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interest thereon ; receive money on deposit, and to
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Receive
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loan money, or to discount in accordance with
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money on de-
posit.
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bank usage, taking such security therefor, either
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real or personal, as the Board of Directors of said
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bank may deem sufficient ; may buy and sell bills
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of exchange, notes, bonds or other security ; may
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accept and hold all such trusts as shall or may be
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committed to it by any person, or by the order and
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discretion of any judge or any court or tribunal ;
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may make such special regulations in reference to
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Make special
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trust funds and special or other deposits as the
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regulations.
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Board of Directors may think advisable ; may pur-
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chase and hold such real and personal estate and
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property as may be necessary for the accommoda-
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tion and transaction of its business; may issue
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letters of credit and other commercial obligations,
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and generally may do and transact a general bank-
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ing business.
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SEC. 8. And be it enacted, That the board of Di-
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rectors shall have power to regulate all matters
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pertaining to special or trust deposits, the amount
to be received at any time, and the manner in
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Fix amount
to be received
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which the same shall be received or paid, as the
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case may be, and to make all needful regulations
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in that behalf; provided that the aggregate amount
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of said special or trust deposits snail not at any
time exceed the capital stock of said bank.
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SEC. 9. And be it enacted, That whenever any de-
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posit shall be made by a minor or married woman,
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How received
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such deposit shall be received or held and paid out
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and paid out.
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