756

LAWS OF MARYLAND.

CHAP. 418

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 directors may think advisable; may
purchase and hold or sell real and personal estate and
property; may issue letters of credit and other commercial
obligations, and generally may do and transact a general
banking business.

SEC. 5. And be it enacted, That the directors of said
Workingman's Loan and Savings Association may pay out

Interest
allowed.

of the profits of the business of said bank such interest on
transient and permanent deposits in said bank, and such
dividends on the capital stock of said bank as will not
impair the capital stock of said Workingman's Loan and
Savings Association.
SEC. 6. And be it enacted, That whenever any deposits shall

As to minor or
married
women
depositors.

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
deposits, and the check, receipt or acquittance of such minor
or married woman shall be valid and binding on them.
SEC. 7. And be it enacted, That the directors of said Work-

Change in
number of
directors.

ingman's Loan and Savings Association may by a three-
fourths' vote of all the directors increase the number of
directors to ten or decrease the number to five; provided,
the change in the number of directors shall not take effect
until the next succeeding annual election by the stockholders
for directors.
SEC. 8. And be it enacted, That the office of said corpora-

Location of
office.

tion hereby formed shall be at Baltimore, Maryland, and the
directors of said corporation are hereby granted the right to
make such by-laws, not inconsistent with the laws of Mary-
land or the laws of the United States, as may be necessary
for the conduct of said corporation.
SEC. 9. And be it enacted, That said company shall be
subject to the provisions of Chapter 109 of the Act of the

Liability of
stockholders

General Assembly of 1892 and any supplements thereto and
amendments thereof, and the liability of the stockholders
thereof shall at all times be determined by the laws of this
State in force at the time the said liability may attach.
SEC. 10. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 3, 1906.