1402 LAWS OF MARYLAND.

common seal, and the same to break, alter and renew at its
pleasure.

SEC. 3. And be it further enacted, That the shares of the
capital stock of the said "The Goldsboro Bank" shall be trans-
ferable on the books of the corporation only, according to
such rules as shall be established by the president and direc-
tors ; but all debts actually due and payable to the corporation
by a stockholder requesting a transfer must be satisfied before
such transfer shall be made, unless the president and directors
shall direct to the contrary.

SEC. 4. And be it further enacted, That the said The Golds-
boro Bank shall have power to borrow money and pay interest
thereon not exceeding the legal rate, receive money on deposit
on such conditions and subject to such regulations as the board
of directors of said bank may deem sufficient, and to buy or dis-
count notes or other commercial paper, county scrip or obliga-
tion of the counties and cities of this State, or public or private
obligations of every description, and may, after purchasing,
sell the same in such manner and on such terms as the board of
directors of the said bank may determine, and generally may

do and transact a general banking business.

SEC. 5. And be it further enacted, That the said The Golds-
boro Bank shall have power to make loans to its officers or
directors, but shall not have power to make said loans to its
officers or directors without a responsible endorser or sufficient
collateral security, unless the same shall have been authorized,
both as to the amount and security, by a resolution of the
board of directors, to be recorded.

SEC. 6. And be it further enacted, That any individual or
administrator, committee, guardian, receiver, assignee, trustee
or any public officer of Caroline County, or elsewhere, or any
person or persons acting for others, having the custody of any
moneys belonging to themselves or others, are authorized to
deposit same in the said The Goldsboro Bank, should they so
desire.

SEC. 7. And be it further enacted, That whenever any de-
posits 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 depositors, and the check, receipt or acquittance of such
minor or married woman shall be valid and binding on them,
any law of this State to the contrary notwithstanding, 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