PRIVATE ACTS. 1413

dends; or any contract or agreement whereby a depositor or
depositors were guaranteed to receive a stipulated rate of
interest on their respective deposits in lieu of dividends and
other contingent profits of the said corporation, are hereby
made valid and legal to the extent that said contracts or
agreements shall not be the cause for the forfeiture of the
charter of the said corporation.

SEC. 3. And be it further enacted, That The Highlands
Savings Bank of Howard County, duly incorporated as afore-
said, in addition to the powers possessed by it under its cer-
tificate of incorporation, which are hereby ratified and con-
firmed, shall have and possess the further powers, rights, privi-
leges and franchises mentioned in this Act.

SEC. 4. And be it further enacted. That the said body cor-
porate be and it is hereby authorized to receive money in de-
posit subject to check or otherwise, and to allow interest on
such deposits as it may see fit; to receive for collection or for
storage, chattels, stocks, bonds, evidences of indebtedness and
all other paper writings; to collect rents, ground rents, inter-
est on mortgages, dividends and incomes of all kinds upon such
terms as it may arrange; the said body corporate shall have
the power and it is hereby authorized to purchase and hold,
bargain and sell, grant, assign, lease, mortgage and generally
deal in any land or estate therein, chattels, choses in action,
checks, notes, bills of exchange, certificates of deposit, ware-
bouse receipts, stocks, bonds, mortgages on real or personal
property and any and every evidence of debt, to advance money
upon the security thereof by securing and holding the same,
.or accepting or lending money on mortgages thereon; to loan
money or to discount notes in accordance with bank usages,
taking such security therefor, real or personal, as the board of
directors or their constituted agents may deem sufficient;
and generally to deal in every and all descriptions of prop-
erty, personal effects, securities, mortgages, bonds, certificates
of indebtedness, stocks of incorporated companies, loans on
bonds of the United States or any city, county, municipality
or public authority, incorporated company or individual.

SEC. 5. And be it enacted, That the said body corporate is
hereby authorized to receive on deposit money or monies,
checks and commercial paper from any administrator, execu-
tor, guardian, receiver, trustee, assignee or other agents or
persons acting in fiduciary capacities or any public officer of
Howard or Montgomery county or elsewhere.

SEC. 6. And be it further enacted, That it shall be lawful
for the said corporation to maintain safe deposit boxes or other
receptacles used for the safe-keeping of money and valuable