1320 LAWS OF MARYLAND.

SEC. 2. And be it enacted, That the stockholders of said
corporation be and they are hereby authorized at any special
or annual meeting, by a vote of two-thirds of the capital stock
of the said corporation, to increase the capital stock of the
same from time to time from fifteen thousand dollars, its pres-
ent capital, to such an amount or amounts as they may deter-
mine, not to exceed fifty thousand dollars; provided, that when
any increase or increases may be made in said capital stock
such notice shall be given to the stockholders of the meeting to
be held for the purpose of considering such increase or in-
creases as may be required by the by-laws of said corporation
for the annual meeting of stockholders.

SEC. 3. And be it enacted, That the stockholders of said cor-
poration be and they are hereby authorized at any special or
annual meeting by a vote of two-thirds of the capital stock
thereof to reduce the number of directors from twelve, as at
present authorized, to such a number as they may deem expe-
dient; provided, that the number of directors shall not be less
than five; and provided further, that at any meeting of the
said directors a majority of the board shall constitute a quo-
rum thereof, for the transaction of all business that may come
before it.

SEC. 4. And be it enacted, That said corporation shall have
power to borrow money, to receive money on deposit, to lend
money or to discount in accordance with bank usage, taking
such security thereof, either real or personal, as the board of
directors may deem sufficient; and said corporation may buy or
sell bills of exchange, notes, bonds or other securities; may
purchase and hold such real and personal estate and property
as may be necessary for the transaction of its business; may
rent out to its depositors and others boxes and other recep-
tacles in its vault for the keeping of securities, papers and
other valuable articles; may issue letters of credit and other
commercial obligations, and generally may do and transact a
general banking business; and shall have perpetual succession.

SEC. 5. And be it enacted, That whenever any deposits shall
be made in said corporation by a minor, such deposits shall
be received or held and paid out on precisely the same terms
and conditions as those of adult depositors, and the check, re-
ceipt or acquittance of such minor shall be valid and binding
on him or her, any law of this State to the contrary notwith-
standing.

SEC. 6. And be it enacted, That the election of directors of
said corporation shall be in accordance with the by-laws passed
by the stockholders thereof.

SEC. 7. And be it enacted, That the lands, tenements and
hereditaments which it shall be lawful for said corporation to