PRIVATE ACTS. 1281

thereof by receiving and holding same or accepting mortgages
thereon, and generally to deal in every and all description of
properties, personal effects, securities, mortgages, land, certifi-
ca'tes of indebtedness, stock of incorporated companies, loans
on bonds of the United States, or of any city, county or munici-
pal, or of any incorporated company or individual.

SEC. 4. And be it further enacted. That the'said body cor-
porate shall have the right to receive money on deposit for sav-
ings accounts, subject to check or otherwise, on such terms
and conditions as may be agreed upon; to own and control, and
to let out burglar vaults, safes, safe deposit boxes and other
receptacles; the right to receive evidences of debt for collection,
for discount or otherwise, and all incidental powers as shall be
necessary to carry on a general banking business; and shall
also have the right to establish branch banks or agencies for
the transaction of its business, and at any place within the cor-
porate limits of the city of Baltimore.

SEC. 5. And be it further enacted. That the said body cor-
porate shall have the right to guarantee, endorse and secure
the payment, punctual performance and collection of notes,
bills of exchange, due bills, contracts, bonds, accounts, claims,
rents, annuities, mortgages and interest thereon.

SEC. 6. And be it enacted, That the affairs of said corpora-
tion shall be managed by not more than eighteen nor less than
five directors.

SEC. 7. Provided, however, that said corporation shall be
subject to the provisions of Article 11 of the Public General
Laws of this State, title "Banks," and any amendments there-
of, and the liability of the stockholders thereof shall at all
times be determined by the laws of the State in force at the
time the said liabilities may attach.

SEC. 8. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 11, 1910.

CHAPTER 160.

AN ACT to repeal and re-enact Section 6 of Chapter 222 of the
Acts of the General Assembly of Maryland passed at the
January session of 1872, entitled "An Act to incorporate the
German American Bank of Baltimore," and to more clearly
define the corporate powers of said corporation.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 6 of Chapter 222 of the Acts of the General
Assembly of Maryland, passed at the January session of 1872,
entitled "An Act to incorporate the German American Bank