1338 LAWS OF MARYLAND.

SEC. 12. And be it enacted, That the said corporation is
authorized and shall have discretionary power to invest at its
pleasure all money received on deposit, loan or otherwise; in
all cases in which public officers of municipal or private cor-
porations, or evidences of debt, such deposits by such officers
or corporations or other persons may be made with said cor-
poration upon such terms and upon such liability, as may be
agreed upon, but every deposit of money made by such officer
or corporation or other person, unless otherwise stipulated,
shall be regarded as an ordinary general deposit, made accord-
ing to the custom and usage of banking.

SEC. 13. And be it further enacted, That the directors shall
have power to declare such dividends of the profits of said
corporation as they may deem proper; provided, that no divi-
dend shall be declared where the capital stock would be im-
paired thereby.

SEC. 14. And be it further enacted, That the General Assem-
bly reserves the right to repeal, alter or amend this Act at its
pleasure; provided, however, that the said corporation 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 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 further enacted, That this Act shall take
effect from the date of its passage.

Approved April 11, 1910.

CHAPTER 225.

AN ACT to repeal and re-enact, with amendments, Section two
of the Acts of 1900, Chapter ninety-four; entitled "An Act to
extend the privilege and amend the Charter of the Laurel
Building Association of Prince George's County, a corpora-
tion incorporated under the General Laws of this State."
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section two of Chapter ninety-four of the Acts of
the General Assembly of Maryland of 1900, entitled "An Act
to extend the privilege and amend the Charter of the Laurel
Building Association of Prince George's County, a corporation
incorporated under the General Laws of this State," be and
the same is hereby repealed and re-enacted so as to read as
follows:

SEC. 2. That the capital stock of the said corporation is hereby
increased to a sum not exceeding ten thousand shares, at a par
value of one hundred dollars per share, provided that no one