clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1910 Session
Volume 487, Page 1355   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

PRIVATE ACTS. 1355

mitted to it by any person or by the order and direction of any
judge, court or tribunal; to make such special regulations in
reference to trust funds and special deposits as the said board
may think advisable; provided, that before any of the powers
herein recited relative to trusts shall be exercised by said bank,
it shall in all respects comply with the provisions contained
in Chapter 109, laws of 1892, so far as the same may be appli-
cable; to purchase and hold such real estate and personal
property as may be necessary for the transaction of its busi-
ness; to issue letters of credit and other commercial obliga-
tions, and generally to do and transact a general banking busi-
ness.

SEC. 15. And be it enacted. That whenever any deposit shall
be made by a minor or married woman, such deposits shall be
received, held and paid out on precisely the same terms and
conditions as those of other depositors, and the check, receipt
or acquittance of such minor or married woman shall be valid
for any sum so deposited by him or her, any law of this State
to the contrary notwithstanding.

SEC. 16. And be it enacted, That the president, each direc-
tor and the cashier of said bank, before entering upon the du-
ties of his office, shall take and subscribe before a Justice of
the Peace or a Notary Public the following oath or affirmation:

"I do solemnly swear or affirm that I will faithfully, im-
partially, diligently and honestly perform the duties of————
of the Commercial Bank to the best of my skill and judgment;"
and said oaths or affirmations shall be filed among the records
of the bank.

SEC. 18. And be it enacted, That half-yearly dividends shall
be made to the stockholders of so much of the net profits of
the bank as shall appear advisable to the president and direc-
tors; such dividends shall be declared in the months of June
and December in each year, and shall be payable on the sec-
ond Monday of the ensuing month after they are declared.

SEC. 19. And be it enacted, That the lands, tenements, here-
ditaments, which it shall be lawful for the said bank to hold,
shall be only such as shall be requisite for its immediate
accommodation for 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 judg-
ments or decrees, which shall have been obtained for such
debts, or for the foreclosure of mortgages, or at mortgagees'
sales in cases where mortgages conferring power on the mort-
gagee to sell have been exercised or assigned to said bank to
secure debts.


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1910 Session
Volume 487, Page 1355   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives