PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 1373
Bank of Cumberland, The Cumberland Savings Bank of Cum-
berland, The Fidelity Savings Bank of Frostburg, and The Lona-
coning Savings Bank of Allegany County, have each been
amended by Acts of the General Assembly of Maryland, so that
said banks have been made subject to the provisions of Chapter
109 of the Acts of the General Assembly of 1892, and all amend-
ments thereto, and by virtue thereof have been severally re-
quired to place on deposit with the Treasurer of the State of
Maryland, certain bonds and securities, and
WHEREAS, By Chapter 219 of the Acts of 1910, entitled
"Banks and Trust Companies," a general banking law has been
passed by the said General Assembly, regulating all the banks in
the State of Maryland, and it is desired to place the said banks
located as aforesaid, in Allegany County, on the same basis as
other State banks situated in said State of Maryland. Now,
therefore,
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the charters of the said savings banks, to wit, The
German Savings Bank of Cumberland, The Commercial Sav-
ings Bank of Cumberland, The Cumberland Savings Bank of
Cumberland. The Fidelity Savings Bank of Frostburg, and The
Lonaconing Savings Bank of Allegany County, be, and they are
hereby amended so as to relieve said banks and each of them,
from the provisions of said Chapter 109 of the Acts of the Gen-
eral Assembly of 1892, and all amendments thereto, excepting
in so far as the provisions of said Chapter 109 of the Acts of
1892 and the, amendments thereto, may apply to State Banks
generally throughout the State of Maryland.
SEC. 2. Be it further enacted by the General Assembly of
Maryland, That the Treasurer of Maryland be, and he is hereby
authorized and empowered and directed forthwith, to surrender
to each of the said Savings Banks such bonds or securities as
may have been deposited with him by each of said banks, by
virtue of the provisions of said Chapter 309 of the Acts of the
General Assembly of 1892, and any amendments thereto, and
that this Act shall be construed retrospectively as well as pros-
pectively.
SEC. 3. Be it further enacted, That this Act shall take effect
from the date of its passage.
Approved April 16th, 1914.
|
![clear space](../../../images/clear.gif) |