|
|
CHAP. 815
|
and transaction of its business at the discretion of the
directors and in the manner deemed most safe and bene-
ficial ; and all the moneys so received and all moneys held
by said corporation shall be and constitute deposits of said
bank.
SEC. 4. And be it further enacted, That the said corporation
be and it is hereby authorized and empowered to borrow
|
|
|
|
Authorized tc
receive
money on
deposit, etc
|
money, receive money on deposit and pay interest thereon,
loan money to any person or corporation or to discount in
accordance with bank usage, taking such security therefor,
real and personal, as the board of directors of said bank
may deem sufficient, and may make such special regulations
in reference to special or other deposits as the board of
directors may think advisable.
SEC. 5. And be it enacted, That whenever any deposits
shall be made by a minor or married woman such deposit
|
|
|
|
Deposits by
minors, etc.
|
shall be received or held and paid under precisely the same
conditions as those of adult male or adult female depositors,
and the directors of said bank may at, their discretion pay to
any minor feme covert depositor such sum or sums of money
as may be due to him or her, and the check, receipt or
acquittance of said minor or f erne covert shall be valid, any
law of this State to the contrary notwithstanding.
SEC. 6. And be it further enacted, That the stockholders of
|
|
|
|
Stockholders
individually
responsible.
|
the aforesaid Citizens' Savings Bank of Thurmont, Frederick
county, Maryland, shall be held individually responsible
equally and ratab]y and not for one another, for all contracts,
debts and engagements of said corporation, the said Citizens,
Savings Bank of Thurmont, Frederick county, Maryland, to
the extent of the amount of their stock therein, at the par
value thereof, in addition to the amount invested in such
stock. Persons having stock entered on the books of the
said corporation in their names as executor, administrator,
guardian, trustee, or pledgee shall not be personally subject
to any liability on such stockholders, but the person pledg-
ing the stock and the estate and funds in the hands of such
executor, administrator, guardian dr trustee, shall be subject
to the liability imposed upon the holders of said shares, and
the liability of such stockholders shall be an asset of the said
corporation, the said Citizens' Savings Bank of Thurmont,
Frederick county, Maryland, for the benefit ratably of all the
|
|
