196

LAWS OF MARYLAND.

CHAP. 128.
Capital stock

SEC. 4. And be it further enacted, That the capital stock of
the said Caroline County Savings Bank shall be twelve thous-
and dollars, to consist of four hundred and eighty shares of a
par value of twenty-five dollars each. But said capital stock
may be increased from time to time, at such meeting of the
stockholders of said bank as may be called for such purpose,
by a three-fourths vote of the shares of stock of the said
bank, to an amount not exceeding one hundred thousand
dollars.

Interest and
dividend
to be paid.

SEC. 5. And be it further enacted, That the directors of
the said Caroline County Savings Bank may pay out of the
net profits of the business of said bank such interest on stock-
holder's transient deposits in said bank and such dividends on
the capital stock of said bank to the stockholders of said bank
as will not impair the capital of the said Caroline County
Savings Bank.
SEC. 6. And be it enacted, That said Caroline County

May borrow
money, etc.

Savings Bank shall have power to borrow money and pay
interest thereon not exceeding the legal rate, receive money
on deposit on such conditions and subject to such regulations
as the board of directors of said bank may deem sufficient,
and to buy or discount notes or other commercial paper,
county scrip or obligation of the counties and cities of this
State, or public or private obligations of every description,
and may, after purchasing, sell the same in such manner and
on such terms as the board of directors of the said bank may
determine; may purchase and hold, or sell, real and personal
estate and property, and generally may do and transact a
general banking business.

Who may
deposit
money in
said bank.

SEC. 7. And be it enacted, That any individual or adminis-
trator, committee, guardian, receiver, assignee, trustee, or any
public officer of Caroline county or elsewhere, other than the
county treasurer, or any person or persons acting for others,
having the custody of any monies belonging to themselves or
others, authorized to deposit the same in the said Caroline
County Savings Bank, should they so desire, any local law of
the State to the contrary notwithstanding.

Rights of
minors
and married
women.

SEC. 8. And be it enacted, That whenever any deposits
shall be made by a minor, or married woman, such deposits
shall be received or held and paid out on precisely the same
terms and conditions as those of adult male or adult female
depositors, and the check, receipt or acquittance of such minor
or married woman shall be valid and binding on them, any
law of this State to the contrary notwithstanding.
SEC. 9. And be it enacted. That this Act shall take effect
from the day of its passage.
Approved April 1, 1902.