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Session Laws, 1908 Session
Volume 483, Page 1415   View pdf image (33K)
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PRIVATE ACTS. 1415

wise affect the rights, privileges and powers of the said cor-
poration, and shall in no wise affect or impair existing con-
tracts, engagements and liabilities of the said corporation, and
that all property, real, personal or mixed, owned, vested or
possessed by or in the Highlands Savings Bank of Howard
County shall, when said change of name is made, be vested in,
owned and possessed by the Highland Bank.

SEC. 10. And be it further enacted, That if the name of the
said corporation shall be changed in the manner mentioned in
the preceding section, the directors of said corporation shall
cause to be issued to the stockholders thereof certificates of
stock in "The Highland Bank" in lieu of the certificates of
stock heretofore issued to the stockholders in "The Highland
Savings Bank of Howard County."

SEC. 11. And be it further enacted, That whenever any de-
posits shall be made in the said corporation by a minor or
married woman, such deposits shall be received or held and
paid out on precisely the same terms and upon the same con-
ditions as those of an adult male or adult feme sole, and the
check, receipt or acquittance of such minor or married woman
shall be valid and binding on him or her, any law of this State
to the contrary notwithstanding.

SEC. 12. And be it further enacted, That the stockholders of
the said corporation shall be liable to the amount of their
respective share or shares of the capital stock in the said cor-
poration for all its debts and liabilities upon note, bill or other-
wise.

SEC. 13. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 8, 1908.

CHAPTER 388.

AN ACT to extend the privileges, enlarge the powers and
amend the charter of the Sykesville Realty and Investment
Company so as to enable it to loan money on or purchase
promissory and negotiable notes, bills obligatory or other
evidences of debt, and to increase the number of its direc-
tors from twelve to fifteen.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Sykesville Realty and Investment Company be
and the same is hereby authorized and empowered to loan
money on or when it deems it desirable, to purchase promis-
sory and negotiable notes, bills obligatory or other evidences
of debt.

 

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Session Laws, 1908 Session
Volume 483, Page 1415   View pdf image (33K)
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