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Session Laws, 1908 Session
Volume 483, Page 1412   View pdf image (33K)
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1412 LAWS OF MARYLAND.

the general laws of the State of Maryland, in omitting to
publish an annual report of its affairs as required by law,
and to declare a dividend every six months of the interest
and profits of the said corporation, and to amend the charter
of said corporation.

Whereas The Highlands Savings Bank of Howard County, a
body corporate, duly incorporated under the general laws of
the State of Maryland relating to corporations, by a certifi-
cate executed the twenty-fifth day of April, in the year A. D.
nineteen hundred and six, approved by one of the judges of the
Circuit Court for Howard county, and recorded in Liber A.
C. R., No. 1, folio 106, etc., of the Howard County Corporation
Records, has omitted to publish in one or more newspapers
published in Howard county the report of the investigating
committee, required by law once in every twelve months, and
has also omitted to declare a dividend once in every six
months of the interest and profits of said corporation.

Whereas it appears that the affairs of the said corpora-
tion are in a prosperous and strong financial condition, and
that said omissions have been made by inadvertence and not
with the intention of evading the requirements of the law.

Whereas it is found desirable by the stockholders and di-
rectors of said corporation that its name be changed and its
charter amended, so as to increase and extend its powers.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the acts of the Highland Savings Bank of Howard
County in omitting to publish the report of the investigating
committee of five persons in one or more newspapers published
in Howard county, as required by law, and to make and de-
clare a dividend of the interests and profits of said corpora-
tion once in every six months, be and the same are hereby made
valid and legal to the extent that said omissions shall not be
the cause for the forfeiture of the charter of the said corpora-
tion ; provided, that said corporation shall publish in one
or more newspapers published in Howard county on or be-
fore July the fifteenth, in the year A. D. nineteen hundred and
eight, a true and detailed statement of its resources and liabili-
ties, and make a like publication once in every twelve months
thereafter.

SEC. 2. And be it further enacted, That any contract or
agreement heretofore made between the said corporation and
any of its depositors whereby a depositor or depositors were
given the privilege of withdrawing any or all of their respec-
tive deposits at any time, either in person or by order, in con-
sideration that said deposits were to bear no interest or divi-

 

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Session Laws, 1908 Session
Volume 483, Page 1412   View pdf image (33K)
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