PRIVATE ACTS. 1321

hold shall be only such as shall be requisite for its immediate
accommodation in relation to the convenient transaction of its
business, or such as shall have been bona fide mortgaged or
conveyed to it by way of security, or in satisfaction of debts
contracted in the course of its dealings or purchased at sales
upon judgments or decrees which shall have been obtained for
such debts or foreclosure of mortgages or mortgagee's sale in
cases where mortgages conferring power on the mortgagees or
attorneys named therein to sell real estate mentioned therein
shall have been executed or assigned to such corporation to
secure such debts.

SEC. 8. And be it enacted, That it shall not be lawful for
the said corporation to make discounts or pay out any funds
or money other than gold or silver coin or certificates or legal-
tender notes, the lawful currency of the United States; and if
at any time the said corporation shall neglect or refuse to pay
in gold or silver coin or certificates or lawful. money of the
United States, any of its notes, bills or obligations, or money
received on deposit, in violation of the promise, contract or un-
dertaking of the said corporation, the person or persons en-
titled to demand and receive such payments shall respectively
receive and recover interest on said bills, notes, obligations and
deposit until the same shall be fully paid and satisfied at the
rate of six per cent, per annum from the time of such demand".

SEC. 9. And be it enacted, That the said corporation may
loan money on mortgage or may purchase and take an assign-
ment of any mortgage of any building, land or loan association
or any corporation or individual, and shall hold the said mort-
gage, with all the rights, powers and privileges of the associa-
tion, corporation or individual assigning the same, and may
enforce any contract or stipulation in the same, and foreclose,
assign or release the same as fully and effectually as the as-
signor could have done.

SEC. 10. And be it enacted, That the General Assembly of
Maryland hereby reserves to itself the rights to alter, amend or
repeal this Act at its pleasure.

SEC. 11. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 13, 1910.

CHAPTER 246.

AN ACT to enlarge and extend the powers and privileges of the.
Peoples Bank of Somerset County, a corporation.

SECTION 1. Be it enacted by the General Assembly of Mary-
land. That the Peoples Bank of Somerset County, a corporation