1314 LAWS OF MARYLAND.

SEC. 4. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 13, 1910.

CHAPTER 475.

AN ACT to amend the charter of the Emmitsburg Savings
Bank of Emmitsburg, Frederick county, Maryland.

Whereas, The Emmitsburg Savings Bank, of Emmitsburg,
Frederick county, Maryland, was duly incorporated under
the General Incorporation Act of the State of Maryland as a
savings bank on the 16th day of March, 1909, and has been
since said date doing a savings bank business, as well as gen-
eral banking business; and

Whereas, There is doubt whether, under the powers given by
said General Incorporation Act, a savings bank may do a
general 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 o/ 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 Emmitsburg Savings Bank,
of Emmitsburg, Frederick county, Maryland, is empowered
to do a general banking business, and as such to buy, discount
and negotiate promissory notes, bonds, drafts, bills of ex-
change, foreign and domestic, and other evidences of debt; to
receive deposits of money upon which interest may be paid;
to buy and sell exchange, foreign and domestic, and to issue
letters of credit and to lend money on personal or real se-
curity, provided, however, that said company shall be subject
to the provisions of Article 11 of the General Laws of this
State, title, "Banks," and any amendments thereof and the
liability of the stockholders thereof shall at all times be de-
termined by the laws of the State in force at the time the said
liabilities may attach; and further provided, that said com-
pany shall not be subject to Article 3, Section 25 of said
Article 11.

SEC. 3. Be it further enacted. That this Act shall take
effect from the date of its passage.

Approved April 11, 1910.