1324 LAWS OF MARYLAND.

violation of the promise, contract or undertaking of the said
corporation, the person or persons entitled to demand and re-
ceive such payments shall respectively receive and recover in-
terest 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. 11. And be it enacted, That the said corporation may
purchase and take an assignment of any mortgage of any
building or land association, or any corporation or individual,
and shall hold the said mortgage, with all the rights, powers
and privileges of the building or land association or corpora-
tion or individual assigning the same, and may enforce any
contract or stipulation in the same, and foreclose, assign or
release as fully and effectually as the assignor could have done.

SEC. 12. And be it enacted, That if the said corporation
shall at any time suspend its payments, the assets which the
corporation may hold or be in any wise entitled to at the time
of such suspension of payments shall be ratably distributed to
and among all persons who shall be its creditors at such time,
and to their assigns, respectively.

SEC. 13. And be it enacted, That if the president and direc-
tors should at any time suspend the active business operations
or working of said corporation, and a majority of the stock-
holders in general meeting assembled determined to close the
operations thereof, thenceforth it shall not be lawful for the
corporation to resume the exercise of its powers and franchise,
but the same shall be closed, and after the payment of its debts
and liabilities, the remaining assets and property of the cor-
poration shall be divided pro rata among the stockholders or
their assigns.

SEC, 14. And be it enacted, That the General Assembly of
Maryland hereby reserves to itself the right to alter, amend or
repeal this Act at its pleasure. Provided, also that said Com-
pany shall be subject to the provisions of Article 11, of the Pub-
lic General Laws of this State, title "Banks," and any amend-
ments thereof, 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. 15. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 13, 1910.

CHAPTER 129.

AN ACT to amend the charter of the City Savings Bank of
Hagerstown, Maryland.