PRIVATE ACTS. 1475

them shall be only that occupied as their office a.nd place of
business, not exceeding in value one hundred thousand dol-
lars, and such as may come into their possession in satisfac-
tion of a debt due to them upon mortgage, decree or judgment.

SEC. 12. And be it enacted, That the president, vice-presi-
dent and directors of the corporations hereby created shall
have power to enact, adopt such rules, regulations and by-laws
for the government and management of the affairs of said cor-
poration as they shall deem advantageous to the interest there-
of; provided the same be not contrary to the law of the land.

SEC. 13. And be it enacted, That the General Assembly re-
serves the right to repeal, alter or amend this Act at its pleas-
ure; provided, however, that said company shall be subject to
the provisions of article H 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 deter-
mined by the laws of the State in force at the time the said
liabilities may attach.

SEC. 14. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 6, 1908.

CHAPTER 691.

AN ACT to amend the charter of the Clearspring Savings
Bank of Washington county, Maryland.

Whereas the Clearspring Savings Bank of Washington
county, Maryland, was duly incorporated under the general in-
corporation Act of the State of Maryland as a savings bank on
the twentieth day of December, in the year 1907, and is about
to begin business as a savings bank and also to do a general
banking business; and

Whereas there is doubt whether under the powers given by
said General Incorporation Act a savings bank may do a gen-
eral banking business, which doubt it is intended by this Act
to remove and to give said corporation the right to do. a general
banking business, if it does not already have said power; now,
therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That in addition to the powers conferred upon it by
article 23 of the Code of Public General Laws of Maryland, and
the amendments thereto, the Clearspring Savings Bank of
Washington County, Maryland, is empowered to do a general