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Session Laws, 1888 Session
Volume 481, Page 669   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.
SEC. 8. And be it enacted, That the board of

669

directors shall have power to regulate all matters
pertaining to special or trust deposits, the
amounts to be received at any time, and the man-
ner the same may be received or paid, as the case
may be, and to make all needful regulations in
that behalf ; provided, that the aggregate amount
of such special or trust deposits shall not at any
time exceed the capital stock in said bank.
SEC. 9. And be it enacted, That whenever any

Special or
trust deposits.

deposits shall be made by a minor or a married
woman, such deposits shall be received or held,
and paid out on precisely the same conditions
as those of adult male or adult female deposi-
tors ; and the directors of said bank may, at their
discretion, pay to such minor or female covert
depositor such sum or sums of money as may
be due to him or her, and the check, receipt or
acquittance of such minor or female covert be
valid, any law of this state to the contrary not-
withstanding.
SEC. 10. And be it enacted, That at all elections

Minors
and married
women.

for directors 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 not
exceeding twenty shares, and to one vote for
every additional two shares ; a plurality of the
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 a vote which shall not have been
holden two calendar months previous to the day
of election.
SEC. 11. And be it enacted, That it shall be

Election, etc.

the duty of the directors to lay before the stock-
holders of said corporation, once in each year
at a general meeting, for their information an
exact statement of their financial condition
and the affairs of the bank, of the debts which
shall have remained unpaid after the expiration
of the original credit, and the surplus profits, if
any, after deducting losses and dividends.

Submit state-
ment.

SEC. 12. And be it enacted, That the board
of directors shall cause to be furnished to the
treasurer of the State of Maryland statements of
the amounts of capital stock of the corporation,
and of the debts due to and from the same, speci-

Furnish state-
ment.



 
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Session Laws, 1888 Session
Volume 481, Page 669   View pdf image (33K)
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