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Session Laws, 1908 Session
Volume 483, Page 1269   View pdf image (33K)
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PRIVATE ACTS. 1269

mortgages thereon; and generally to deal in every and all de-
scription of properties, personal effects, securities, mortgages,
land, certificates of indebtedness, stock of incorporated com-
panies, loans on bonds of the United States, or of any city,
county or municipality, or of any incorporated company or
individual, and to do the general business of a bank of dis-
count and deposit.

SEC. 4. And be it enacted, That the said body corporate shall
have the right to receive money on deposit, evidences of debt
for collection, chattels, stocks, bonds and all paper writings on
storage upon such terms as may be agreed upon.

SEC. 5. And be it enacted, That the said body corporate
shall have the right at any time to increase its capital stock to
an amount not exceeding twenty thousand shares, of the par
value of twenty-five dollars each, and that the directors of the
said company shall have the power to change the corporate
name thereof; provided, the holders of two-thirds of the stock
then issued vote in favor of such increase or such change.

SEC. 6. And be it enacted, That whenever any deposit shall
be made by a minor or married woman, such deposit shall be
received or held and paid out on precisely the same terms and
conditions as those of adult male or adult unmarried female
depositors; and the check, receipt or acquittance of such minor
or married woman shall be valid and binding on them, any
law of this State to the contrary notwithstanding; provided,
however, that said company shall be subject to the provisions
of article 11 of the Public General Laws of this State, title
"Banks," and any amendments thereof, and the liability of the
stockholders thereof shall at all times be determined by the
laws of the State in force at the time the said liabilities may
attach.

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

Approved April 6, 1908.

CHAPTER 360.

AN ACT to refund to the "Canton Distilleries Company of Bal-
timore County," a body corporate, duly incorporated, a sum
of money erroneously paid by it into the State Treasury.

Whereas the "Canton Distilleries Company of Baltimore
County," a body corporate, duly incorporated, erroneously paid
into the Treasury of the State for the years 1904 and 1905 the
sum of thirty-three dollars and seventy cents for whiskey in

 

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Session Laws, 1908 Session
Volume 483, Page 1269   View pdf image (33K)
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