JOHN WALTER SMITH, ESQ., GOVERNOR.

541

thereafter, elect from their number a president, vice-presi-
dent, secretary and treasurer, and such other officers as they
may see tit; a majority of said directors shall form a quorum
ami be fully authorized for the transaction of any business;
and sairl board of directors shall have full power from time
to time to make such by-laws, rules and regulations as in their
judgment they may deem necessary for the welfare of said
corporation ; they shall also fix the amount of bond to be given
by the officers tor the faithful discharge of their respective
duties, and to regulate their salaries to be paid them.

CHAP. 380.

SEC. 4. And be it enacted, That said corporation shall have
power to borrow money, receive money on deposit, to loan
money or to discount it in accordance with bank usage, taking
such security therefor, either real or personal, as the board of
directors of said bank may deem sufficient; may buy and sell
bills of exchange, notes, bonds or other securities ; may accept
and hold all such trusts as shall or may be committed to it by
any person, or by the order or direction of any judge or Court
or tribunal ; may make such special regulation in reference to
trust funds and special or other deposits as the board of direc-
tors may think it advisable; may purchase and hold such real
and personal estate and property as may be necessary for the
accommodation and transaction of its business; may issue
letters of credit and other commercial obligations, and gener-
ally may do and transact a general banking business; provided,
that no part of the funds of said corporation shall be loaned to
an officer or director thereof ; said corporation shall be subject
at all times to the provisions of the Act of 1892, chapters 109
and 279, and Acts of 1896, chapter 160, or any amendments
or supplements thereto.

Authority to
borrow
and receive
money
on deposit,
etc.

SEC. 5. And be it enacted, That at all elections of directors,
every stockholder shall be entitled to one vote for every share
held, and the stockholders may either vote in person or by
proxy ; but no share of stock shall entitle any holder to a vote
which shall not have been holden two calendar months previous
to the day of election.

Entitled to
one vote for
each share
held.

SEC. 6. And be it enacted, That whenever any deposit shall be
made by any minor, the directors, of said corporation may,
at their discretion, although no guardian shall have been
appointed for said minor, or the guardian of said minor shall
not authorize the drawing of the same, pay the amount of
such deposit, and the check, receipt or acquittance of such
minor shall be as valid and effective as if executed by such
guardian, or said minor was of legal age; provided, such
deposit was made personally by said minor ; and whenever
any deposit shall have been made by a married woman, may
repay the same on her own receipt.

Minors and
married
women may
make and
draw
deposits.