PRIVATE ACTS 1259

social or annual meetings and by vote of the holders of two-
thirds of the capital stock of said corporation to increase the
capital stock of the same from time to time, from ten thousand
dollars, its present capital, to such an amount or amounts as
they may determine, not to exceed one hundred thousand dol-
lars, which shall be divided into ten thousand shares of the
par value of teu dollars each ; provided, that before any increase
or increases shall be made in said capital stock, such notice
shall be given to the stockholders of the meeting or meetings
to be held for the purpose of considering such increase or in-
creases as may be required by the by-laws of said corporation
for the annual meeting of its stockholders.

SEC. 3. And be it enacted, That said corporation shall have
power to borrow money, to receive money on deposit and pay
interest thereon; to lend money or to discount in accordance
with bank usage, taking such security therefor, either real or
personal, as the board of directors may deem sufficient; and said
corporation may buy and sell bills of exchange, notes, bonds
of other securities; may purchase and hold such real and
personal estate and property as may be necessary for the
accommodations and transactions of its business; may make
such special regulations in relation to special or other deposits
as the board of directors may deem advisable; may rent out
to its depositors and others boxes and other receptacles in its
vault for the keeping of securities, papers and other valuable
articles; and may issue letters of credit and other commercial
obligations, and generally do and transact a general banking
business.

SEC. 4. And be it enacted, That said corporation shall be
subject to the provisions of chapter 190 of the Acts of the
General Assembly of 1892, as amended by chapter 160 of the
Acts of the General Assembly of 1890, and all general laws,
applicable to companies or associations of a character similar
to that named in this Act.

SEC. 5. And be it enacted, That the stockholders of said
corporation shall be liable to the amount of their respective
share or shares of stock in such corporation for all its debts
and liabilities upon note, bill or otherwise.

SEC. 6. And be it enacted, That the duration of said corpora-
tion shall be perpetual.

SEC. 6A. Be it enacted, Thai the directors of the said The
Westminster Savings Bank may, from time to time, pay out
of the net profits of the business of said bank, such interest on
the deposits in said bank, and such dividends in cash, or in the
capital stock of said bank, to the stockholders thereof as will