PRIVATE ACTS. 1415

January thereafter, elect from their number a president,
vice-president, secretary and treasurer, and such other officers
as they may see fit; that a majority of the directors shall form
a quorum, and shall have full authority for the transaction of
any business; that the board of directors shall have full
power from time to time to make such laws, rules and regula-
tions as, in their judgment, may seem necessary for the welfare
of said corporation, and that the board of directors shall fix
the amount of the bond to be given by the officers for the faith-
ful discharge of their respective duties, and shall regulate the
salaries to be paid them.

SEC. 4. And be it enacted, That the said corporation shall
have power to receive money on deposit, to borrow money, to
loan money and to discount notes in accordance with the 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 and other
securities; may accept and hold all such trust as shall or may
be committed to it by any person or persons, or by the order
or discretion of any judge, court or tribunal; may make such
special regulations in reference to trust funds, and special
or other deposits as the board of directors may think advisa-
ble; may purchase and hold and sell real and personal prop-
erty; may issue letters of credit and other commercial obliga-
tions, and generally may do and transact a general banking
business.

SEC. 5. And be it enacted, That the directors of said
Hebron Savings Bank may pay out of the net 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 Hebron.
Savings Bank.

SEC. 6. And be it enacted, That whenever any deposits 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 adult male and 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 the said
Hebron Savings Bank may, by three-fourth vote of all of the
directors, increase the number of directors to any number not
exceeding fourteen, or decrease the number thereof to any num-
ber not less than six; provided, however, that the change in the
number of directors shall not take effect until the next suc-
ceeding annual election by the stockholders for directors; pro-
vided, however, that said company shall be subject to the pro-