8

LAWS OF MARYLAND.

of, without obligation on the part of the purchasers or grantees
to see to the application of the money paid.

Purchase
money, how
applied.

SEC. 3. And be it enacted, That the money which shall be
derived from the sale or other disposition of the property
aforesaid, or any part thereof, shall be applied by the said
Regents, at the discretion of said Faculty of Physic, to the
alteration, improvement and equipment of the buildings, or
any of them, now being, upon said property, or the purchase,
erection and equipment of other buildings, or to both said
purposes; provided always, that all the property so purchased,
erected, altered, improved or equipped, shall be held by said
Regents in their name, for the exclusive use and benefit of
said Faculty of Physic, to be by it used and applied to the
purposes and advancement of medical science and education,
and the treatment and care of disease, in connection with said
University of Maryland, and in conformity with its charter.

Effective.

SEC. 4. And be it enacted, That this act shall take effect
immediately from and after the date of its passage.

Approved January 31, 1894.

CHAPTER 4.

AN ACT to enlarge and extend the powers of the Kent
County Savings Bank, Kent County, Maryland, and to
increase the Board of Directors of the same.

SECTION 1. Be it enacted by the General Assembly of

Additional
powers.

Maryland, That the Kent County Savings Bank, a corporation
duly formed under the provisions of the Code of the Public
General Laws of this State, title "Corporations," in addition to
the powers possessed by it under its certificate of incorporation,
which are hereby ratified and confirmed, shall have and pos-
sess the further rights, privileges and franchise, particularly
mentioned in this act.

Increase of
directors.

SEC. 2. And be it further enacted. That the number of
directors of said Kent County Savings Bank may be increased
from nine, the number stated in the certificate of incorporation
of said bank, to twelve (12), and that said nine directors shall
have power to elect the additional three (3) directors, who shall
be stockholders of said bank, required to fill up said board of
twelve (12) directors, and said twelve (12) directors shall serve