1366 LAWS OF MARYLAND.

on the 21st day of August, 1903, and has been since said date
doing a savings bank business as well as a general banking
business; and

Whereas, There is doubt whether, under the powers given by
said General Incorporation Act, a savings bank may do a
general banking business, which doubt it is intended by this
Act to remove and to give said corporation the right to do a
general 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 Arti-
cle 23 of the Code of Public General Laws of Maryland, and
the amendments thereto, the Walkersville Savings Bank, of
Frederick County, 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 ex-
change, foreign and domestic, and to issue letters of credit and
to lend money on personal or real security; provided, however,
that said company 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 law of the State
in force at the time the said liabilities may attach; and fur-
ther provided, that the said company shall not be subject to
Article 3, Section 25, of the said Article 11.

SEC. 2. Be it further enacted, That this Ajct shall take effect
from the date of its passage.
Approved April 11, 1910.

CHAPTER 603.

AN ACT to incorporate the American Exchange and Savings
Bank, located in the City of Baltimore.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Frederick Roleson, William M. Baker, Charles C.
Stack, Jr., Ignatius Brooks and Robert N. Hanna, and the
subscribers to the stock of the corporation hereby created, and
their successors and assigns, be and they are hereby created a
body corporate, by the name of the American Exchange and
Savings Bank, and by that name shall have perpetual succes-
sion, and shall be competent to sue and be sued in any court of
law or equity whatever, to adopt and use a corporate seal, to
make and adopt by-laws for the government of such corpora-
tion and its officers; provided, the same shall not be inconsis-