ALBERT C. RITCHIE, GOVERNOR. 409
power to borrow money, receive money on deposit and pay
interest thereon; to loan money, or to discount in accordance
with bank usage, to take such security therefor, either real or
personal as the Board of Directors shall deem sufficient; to
buy and sell bills of exchange, notes, bonds or other securities;
to accept and hold all such trusts as shall or may be com-
mitted to it by any person or by the order and direction of
any Judge, Court or Tribunal; to receive on deposit trust
funds and special deposits and to make such special regula-
tions in reference thereto as the said board may think ad-
visable ; provided, before any of the powers herein recited rela-
tive to trusts shall be exercised by said bank, it shall in all
respects comply with the provisions of law relative to trust
companies and trust funds, so far as the same may be ap-
plicable; to purchase and hold such real estate and personal
property as may be necessary for the transaction of its busi-
ness; to issue letters of credit and other commercial obliga-
tions to rent out to its depositors and others boxes and other
receptacles in its vault for the keeping of securities, papers
and other valuable articles, and generally to do and transact a
general banking business, and the charter of said corporation
is hereby extended for a term of forty years from the passage
of this Act.
SEC. 3. And be it enacted, That the said corporation shall
be subject to the provisions of Article 11 of the Public General
Laws of this State, title "Banks," and amendments thereof;
and the liability of the stockholders of Weekly Deposit Cer-
tificates shall at all times be determined by the Laws of the
State in force at the time said liability may attach.
SEC. 4. And be it enacted, That the General Assembly of
Maryland hereby reserves to itself the right to alter, amend
or repeal this Act at its pleasure.
SEC. 5. And be it further enacted, That this Act shall take
effect from and after June 1, 1920.
Approved April 23, 1920.
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