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LAWS OF MARYLAND.
SEC. 6. And be it further enacted, That the said corporation

Receive
deposit of
money, etc.

shall have power to receive deposits of money, securities and
other personal property, from any person or public or private
corporation, upon such terms as may be agreed upon, and loan
money on real or personal securties ; to deal in exchange, for-
eign or domestic, and in any and all description of properties,
personal effects, securities, mortgages, lands, certificates of
indebtedness, stock of incorporated companies, notes, loans, or
bonds of the United States, or of any State, city, county or
municipality or of any incorporated company or of any indi-
vidual; provided, that no loan shall be made directly or indi-
rectly to any officer or employee of said corporation, and for
any violation of the provision the parties or party concerning
thereto directly or indirectly shall be liable to said corporation
for the amount so loaned and all expenses or losses which may
result therefrom.

Sab ject to
certain pro-
visions.

SEC. 7. And be it further enacted. That the said corporation
shall be subject to the provisions of chapter 109 of the Acts
of 1892, and chapter 160 of the Acts of 1896, and to all gen-
eral laws applicable to trust and guaranty companies.

Effective

SEC. 8. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 14, 1898.

CHAPTER 216.
AN ACT to add two additional sections to Article six of the
Code of Public Local Laws, title "Caroline County," new
sub-title "Clerk to County Commissioners," to come in after
Section fifty, and to be designated as Sections fifty A and
fifty B.

Preamble.

WHEREAS, In the report of E. E. Goslin, John F. Dawson
and William Stevens, auditors of Caroline county for the year
eighteen hundred and ninety seven, they, the said auditors for
Caroline county, expressed themselves as follows: The experi-
ence of the auditors in endeavoring to place before the people
a clear cut, and reasonably intelligent statement of the finances
of the county, during the past four years, has led them up to
the irresistible conclusion that the offices of treasurer of the
county and clerk to the Board of County Commissioners should
be forever divorced, and we earnestly recommend that this
change be made by the General Assembly, if it can be done
without any appreciable increase of cost to the county. We
are firm in the conclusion that the interests and covenience of