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Session Laws, 1910 Session
Volume 487, Page 1358   View pdf image (33K)
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1358 LAWS OF MARYLAND.

SEC. 4. And be it enacted, That said corporation shall have
power to borrow money, receive money on deposit, to loan
money or to discount notes in accordance with bank usage,
taking such security therefor, either real or personal, as the
board of directors of said bank may deem sufficient; may buy
and sell bills of exchange, notes, bonds or other security; may
accept and hold all such trusts as shall or may be committed
to it by any person or by the order or discretion of any judge or
court or tribunal; may make such special regulation in refer-
ence to trust funds and special or other deposits as the board of
directors may think advisable; may purchase and hold or sell
real and personal estate and property; may issue letters of
credit and other commercial obligations, and generally may do
and transact a general banking business.

SEC. 5. And be it enacted, That the directors of said Day
and Night Bank may pay out of the profits of the business of
said bank such interest on transient and permanent deposits
in said bank, and such dividends on the capital stock of said
bank as will not impair the capital stock of said Day and Night
Bank.

SEC. 6. Be it enacted, That whenever any deposits shall be
made by a minor or married woman, such deposits shall be
received or held and paid out on precisely the same terms and
conditions as those of adult male or adult female deposits, and
the check, receipt or acquittance of such minor or married
woman shall be valid and binding on them.

SEC. 7. And be it enacted, That the directors of said Day
and Night Bank may, by a three-fourths vote of all the direc-
tors, increase the number of directors to ten or decrease the
number to five; provided, the change in the number of directors
shall not take effect until the next succeeding annual election
by the stockholders for directors.

SEC. 8. And be it enacted, That the office of said corpora-
tion hereby formed shall be at Baltimore, Maryland, and the
directors of said corporation are hereby granted the right to
make such by-laws, not inconsistent with the laws of Mary-
land or the laws of the United States, as may be necessary for
the conduct of said corporation.

SEC. 9. And be it enacted, That said Day and Night Bank
shall be subject to the provisions of Chapter 109 of the Acts of
the General Assembly of 1892, and any supplements thereto and
amendments thereof, and the liability of the stockholders there-
of shall at all times be determined by the laws of this State in
force at the time the said liability may attach; provided, how-
ever, that said company shall be subject to the provisions of
Article 11 of the Public General Laws of this State, title


 

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Session Laws, 1910 Session
Volume 487, Page 1358   View pdf image (33K)
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