1858 LAWS OF MARYLAND.

and may make such special regulations in reference to said
funds and the investment thereof, and the repayment to it of
loans as the said board of directors shall determine.

SEC. 12. And be it enacted, That the capital stock of this
corporation may, in the discretion of the directors, be invested
with the moneys belonging to the loan fund provided for in
section 10, and shall participate in the earnings thereof as
may be provided by the by-laws, and shall be a guarantee for
the faithful performance of the obligations of said corporation
in relation to said fund, and a guarantee that all losses shall
be otherwise paid by said corporation before any loss shall be
assessed against said loan fund; provided, as a means for first
meeting contingent losses that may occur in the investment
of said loan fund, the directors may gradually create a contin-
gent fund by annually appropriating thereto from the" earnings
of said fund such portions thereof as in their judgment shall
be for the best interests of said corporation and its said share-
holders, but at no time shall such contingent fund exceed five
per cent of the total liabilities of or payments to said corpora-
tion on account of said loan fund, and in no case shall such
contingent fund be used to meet losses resulting from any other
business of said corporation or to pay expenses.

SEC. 13. And be it enacted, That the said corporation shall
have power to borrow money, to receive money on deposit,
subject to check or otherwise, evidences of debt for collection,
for discount or otherwise, merchandise, specie, plate, bullion,
stocks, bonds, promissory notes and all other personal property
on storage or collateral security, upon such terms as may be
agreed upon or established by said corporation. Tt may accept
and hold all such trusts as shall or may be committed to it
by any person or corporation or by the order or direction of
any court or tribunal; and it may make such special regula-
tions in reference to trust funds and special or other deposits
as the board of directors may think advisable; provided, that
the said corporation shall be subject to the general banking
laws of this State.

SEC. 14. And 'be it enacted, That whenever any deposit shall
be made by a minor such deposit shall be received, held and
paid out on precisely the same terms and conditions as those
of adult depositors, and the checks, receipts and acquittances
of such minors shall be valid and binding against them.

SEC. 15. And be it enacted. That the corporation hereby
incorporated shall have the right and power at any time to
unite or consolidate with any other corporation or corpora-
tions which may be incorporated for any one or more of the