1260 LAWS OF MARYLAND.

not impair the capital of the said The Westminster Savings
Bank.

SEC. 1. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 6, 1908.

CHAPTER 306.

AN ACT to amend the charter of The Commercial Savings
Bank of Cumberland, Maryland, so as to authorize said bank
to engage in and conduct a general banking business.

Whereas The Commercial Savings Bank of Cumberland,
Maryland, was duly incorporated under the General Laws of
Maryland, authorizing the formation of savings institutions,
for the purpose of conducting a savings bank in the city of
Cumberland, with a capital stock of fifty thousand dollars,
divided into five hundred shares of one hundred dollars each,
according to the certificate of incorporation, approved Decem-
ber 6, 1906, and duly recorded in the clerk's office of the
Circuit Court for Allegany county, in Liber J. W. Y. No. 5,
folio 6, etc.; and

Whereas the said bank is now and has been ever since, con-
ducting a savings bank in said city; and

Whereas it is the wish of the directors and stockholders of
said bank that its corporate powers be increased and enlarged,
and its charter be amended, so as to enable said bank to engage
in, carry on and conduct in said city a general banking busi-
ness; now, therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the said Commercial Savings Bank of Cumberland.
Maryland, be and it is hereby authorized and empowered to
borrow money, receive money on deposit and pay interest there-
on; to pay dividends upon its capital stock to its stockholders
from its earnings, and to loan money or to discount in accord-
ance with bank usage, taking such security therefor, either
real or personal, as the board of directors of said bank may
deem sufficient; to buy and sell bills of exchange, notes, bonds
or other securities; to make such special regulations in refer-
ence to special or other deposits as the board of directors may
think advisable; to purchase and hold such real and personal
estate and property as may be necessary for the accommoda-
tion and transaction of its business; to issue letters of credit
and other commercial obligations, and generally to do and
transact a general banking business.