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Session Laws, 1910 Session
Volume 487, Page 1325   View pdf image (33K)
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PRIVATE ACTS. 1325

Whereas, The City Savings Bank of Hagerstown, Maryland,
was duly incorporated under the General Incorporation Act
of the State of Maryland as a savings bank on the 7th day of
December, 1904, and has been since said date doing a savings
bank business as well as a general banking business.

Whereas, There is doubt whether, under the powers given by
said General Incorporation Act, a savings bank may do a gen-
eral banking business, which doubt it is intended by this Act
to remove and to give said corporation the right to do a gen-
eral banking business, if it does not already have said power;
now, therefore,

SECTION 1. Be it enacted by the General Assembly of 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 City Savings Bank of Hagers-
town, Maryland, is empowered to do a general banking business
and as such to buy, discount and negotiate promissory notes,
bonds, drafts, bills of exchange, foreign and domestic, and
other evidence 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 security; provided, however, that said com-
pany shall be subject to the provisions of Article 11, of the
Public General Laws of this State, title "Banks," and any
amendments thereof, and the liability of the stockholders there-
of shall at all times be determined by the laws of the State in
force at the time the said liabilities may attach.

SEC. 2. Be it further enacted, That this Act shall take effect
from the date of its passage.
Approved April 7, 1910.

CHAPTER 268.

AN ACT to add two additional sections to Chapter 151 of the
Act of Assembly passed at January Session, 1870, to be
known as Sections 2A and 2e.

Be it enacted by the General Assembly of Maryland, That
additional sections, to be called Sections 2A and 2B, be added to
Chapter 151 of the Acts passed at the January Session, 1870,
to read as follows:

SEC. 2A. At all elections for officers and directors of the-
Agricultural and Mechanical Association of Washington Coun-
ty, the vote of no stockholder shall be cast by proxy; and the
vote of no stockholder shall be counted unless said stockholder
personally attends said election and casts his or her ballot in'
person.


 

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Session Laws, 1910 Session
Volume 487, Page 1325   View pdf image (33K)
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