862

LAWS OF MARYLAND.

ponding volumes of the old reports as may still be in the pos-
session of their respective courts, to be held by the librarian
for the future use of the State ; and provided further that not
more than fifteen hundred dollars shall be paid in any one
year for said reports.

Effective.

SEC. 4. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 7, 1898.

CHAPTER 297.
AN ACT to amend the charter of the Lonaconing Savings
Bank of Allegany County, so as to authorize said bank to
engage in and conduct a general banking business.
WHEREAS, The Lonaconing Savings Bank of Allegany
county was granted a certificate of incorporation by the Circuit

Preamble.

Court for Allegany county on the twenty-seventh day of April,
A. D. 1889, and recorded in the office of the clerk of the Cir-
cuit Court for Allegany county in Liber No. 1, folios 95, &c.,
of certificate of incorporations, with, power to conduct a sav-
ings bank in the town of Lonaconing in said county, said bank
having a capital stock of $20,000, divided into 2,000 shares of
the par value of $10 per share ; and

Preamble.

WHEREAS, The said bank is now and has. been since the day
of its incorporation carrying on a savings bank business in said
town ; and

Preamble.

WHEREAS, It is the desire of the directors and stockholders
of said bank, that its corporate powers may be increased and
enlarged and the certificate of incorporation amended so as to
enable said bank, to engage in, carry on and conduct in said
town a general banking business ; now, therefore,
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the said The Lonaconing Savings Bank of Allegany
county, be and it is hereby authorized and empowered to bor-

Authority to
borrow
money.

row 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
board of directors of said bank may deem sufficient ; may buy
and sell bills of exchange, notes, bonds or other securities ;
may make such special regulations in reference to special or
other deposits as the board of directors may think advisable ;
may purchase and hold such real and personal estate and prop-
erty as may be necessary for the accommodation and transac-