JOHN WALTER SMITH, ESQ., GOVERNOR.

195

SEC. 3. And be it further enacted, That all officers pro-
vided for or named in this Act, whether by election or appoint-
ment, shall continue to hold, exercise and discharge the duties
of their respective offices, until they shall be superseded under
the provisions of this Act, and until their successors shall be
duly qualified, and nothing contained in this Act shall be con-
strued to interfere with the continuity of the terms or tenures
of any of said officers, nor shall a re-appointment or re-elec-
tion of any of said officers be necessary in order to secure the
said continuity of their said terms or tenures of office unless
otherwise provided in this Act.
SEC. 4. And be it enacted. That this Act shall take effect
from the date of its passage.
Approved March 29, 1902.

CHAPTER 128.
AN ACT to enlarge and extend the powers of the Caroline
County Savings Bank, Caroline county, Maryland, and to
increase the Board of Directors of the same.

CHAP. 128.

Officers to
hold
over until
successors
are
appointed.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Caroline County Savings Bank, a corpo-
ration duly formed under the provisions of the Code of Public
General Laws of this State, title "Corporations," in addition to
the power possessed by it under its certificate of incorporation,
which are hereby ratified and confirmed, shall have and
possess the further rights, privileges and franchises particu-
larly mentioned in this Act.

Further
rights and
privileges
granted.

SEC. 2. And be it further enacted, That the number of
directors of the said Caroline County Savings Bank may be
increased from twelve (12), the number stated in the certifi-
cate of incorporation of said bank, to fifteen (15), and that
said 12 directors shall have power to elect the additional 3
directors, who shall be stockholders of said bank, required to
fill up said board of 15 directors, and said 15 directors shall
serve as the directors of said Caroline County Savings Bank
until the first Saturday in February, 1903, or until their suc-
cessors are duly elected and qualified.

Number of
directors
may be
increased.

SEC. 3. And be it further enacted, That the directors of the
said Caroline County Savings Bank may, by a three-fourths
vote of all the directors, decrease the number of directors of
said bank to any number they may decide; provided, that
said board of directors shall not at any time be less than nine,
and that when said board of directors is decreased in number,
the same shall not take effect until the next succeeding annual
election by the stockholders for directors.

Number of
directors
may be
decreased.