EDWIN WARFIELD, ESQ., GOVERNOR.

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eighteen hundred and eighty-six (1886), Chapter one
hundred and forty-five (145), aforesaid, and to re-enact
said Sections three (3) and six (6) with amendments.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section three (3) of the Act of eighteen hundred

CHAP. 771

and eighty-six (1886), Chapter one hundred and forty-five
(145), entitled "An Act to incorporate the Provident Savings
Bank of Baltimore," as amended by the Act of eighteen
hundred and eighty-eight (1888), Chapter sixty-nine (69), be
and the same is hereby repealed and re-enacted, so as to
read as follows :

Section 3. Be it enacted, That the affairs of said corpora-
tion shall be managed by a board of such number of direct-

Repeal and
re-enact

ors as its by-laws may provide; such number to be not less ,
than fifteen nor more than forty; that the first directors of
said corporation shall be the persons named in the first
section of this Act, who shall, within six months from the
date of this Act, and annually thereafter, in the month of
April, elect a president and such other officers as they may
see fit; six of said directors, of whom the president or a vice-
president shall be one, shall form a quorum for the transac-
tion of business, and the affirmative vote of at least six
members of the board shall be requisite in making any order
for or authorizing an investment of money, or the sale or
transfer of any stock or securities belonging to the corpora-
tion, or the appointment of any officer receiving any salary
therefrom.

SEC. 2. Be it enacted, That Section six (6) of the said Act

Managed by
board of
directors.

of eighteen hundred and eighty-six (1886), Chapter one
hundred and forty-five (145), be and the same is hereby
repealed and re-enacted, so as to read as follows :

Section 6. Be it enacted, That the secretary, treasurer and

Repeal and
re-enact

agents of the said corporation shall respectively give such
security for their fidelity and good conduct as the board of
directors may from time to time require; and the said board
shall fix the salaries of such officers and agents.

SEC. 3. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 5, 1906.

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Security given