EDWIN WARFIELD, ESQ., GOVERNOR.

177

tion shall direct; the directors shall have the power to fill all
vacancies that may occur in the directors or officers when-
ever such shall occur.

SEC. 6. And be it enacted, That no stockholder, unless

CHAP. 135

he be a citizen of the State of Maryland, shall be eligible
as a president of said corporation, and every president shall
cease to be a president upon his ceasing to be a stockholder
or citizen of the State of Maryland.

SEC. 7. And be it enacted, That the said corporation shall

Eligible as
president

have power to borrow money, receive money on deposit and
pay interest thereon, and to loan money or to discount, 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 and other securities; may purchase and hold
such real and personal estate and property as may be neces-
sary for the accommodation and transaction of its business ;
may issue letters of credit and other commercial obligations,
and generally may do and transact a general banking busi-
ness.
SEC. 8. And be it enacted, That whenever any deposits
shall be made by a minor or married woman, such deposits

Power given to
borrow
money, etc.

shall be received or held and paid out on precisely the same
terms and conditions as those of adult maleor adult unmarried
female depositor, and the directors of said bank may, at their
discretion, pay to such minor or feme covert depositor such
sum or sums of money as may due to him or her, and the
check, receipt or acquittance of such minor or feme covert
shall be valid, and the directors may make any contract with
any minor or married female in regards to such deposits as
may de deemed convenient to both parties, all laws of this
State to the contrary notwithstanding.

SEC. 9. And be it enacted, That all elections for the direc-

Pertaining to
minors and
married
women.

tors of said bank, every stockholder shall be entitled to one
vote for every share that he, she, it or they may hold to the
number of not exceeding twenty shares, and to one vote for
every additional two shares; a majority of votes cast shall
be sufficient to elect, and the stockholders may vote either
in person or by proxy, but no share of stock shall entitle
any holder to vote which shall not have been holden two
calender months previous to the day of election.

Election of
directors.