1368 LAWS OF MARYLAND.

and to authorize said bank to engage in, to carry on, and to
conduct a general banking busiuess; and to authorize and
empower said bank to increase its capital stock and to have
perpetual existence.

SECTION 1. Be it enacted by the -General Assembly of Mary
land, That the Taneytown Savings Bank, a corporation duly
formed under the provisions of the Code of Public General
Laws of Maryland, in addition to the powers and privileges
conferred upon it by its certificate of incorporation, which is
hereby ratified and confirmed, shall have the further and addi-
tional rights, privileges and powers hereinafter set forth.

SEC. 2. And be it enacted, That the Taneytown Savings
Bank shall have and it is hereby given the power and authority
to borrow money, to receive money on deposit and to pay
interest thereon; to lend money or to discount in accordance
with bank usage, taking as security therefor, either real or
personal property, as the board of directors may deem suffi-
cient; to declare and to pay dividends upon its capital stock
to its stockholders from its earnings; to buy and to sell bills
of exchange, promissory and negotiable notes, bills obligatory,
bonds or other evidences of debt; to purchase and to hold any
real and personal estate and property that may be necessary
or desirable to facilitate the management of its business; to
make such general or special rules and regulations concerning
temporary or any other deposits of money as the board of
directors may deem expedient; to rent to any person boxes
and other receptacles in its vaults for keeping securities, papers
and other valuable articles, and generally to do and to transact
and carry on a general banking business.

SEC. 3. And le it further enacted, That the stockholders of
said corporation be and they are hereby authorized and em-
powered at any special or annual meeting and by a vote of
two-thirds of the capital stock of said corporation, to increase
the capital stock of the same from time to time, from thirteen
thousand dollars, its present capital stock, to such amount or
amounts as they may determine, not to exceed twenty-five thou-
sand dollars, which shall be divided into twenty-five hundred
shares of the par value of ten dollars each; provided, that
before any such increase or increases shall be made in said
capital stock such notice shall be given to the stockholders of
the meeting to be held for the purpose of considering such
increase or increases, as may be required by the by-laws of said
corporation for such special or annual meeting of stockholders,
and the certificate of such increase of capital stock shall be
executed and recorded as required for similar certificates under
the general laws of this State.