1S32.

LAWS or MARYLAND.

CHAP. 140.

Corporation, under the provisions of this act, and under
any by-laws of the said Corporation; and the regular weekly
deposites of any member of said Corporation, shall, in no

Limit of deposits.

case exceed tie sum of five dollars for any one week, and
the whole amount of such deposites of any such member,

Restriction.

shall, in no instance, exceed the sum of two thousand dol-
lars; And it is hereby provided, That nothing in this act
contained, shall be so construed as to confer authority on
the Directors or Stockholders, by any rule or by-law, to re-
strict or limit the number of weekly depositors, who may
desire to deposite or become members of said Corporation;

Proviso.

Provided however, That the amount paid in by each depos-
itor, be not less than one dollar per week, and that they in
all things comply with the provisions of this act, and the
rules and by-laws which may from time to time be adopted.

Rceive deposit

Sec. 5. And be it enacted, That the said Corporation
shall be capable to receive from any free person or persons,
any deposite or deposites of money, and to invest all mo-

Make investments

ney so received in public stock, or other securities, at the
discretion of the Directors, according to the by-laws, and
in such manner as they shall deem most safe and benefi-

Officers restricted

cial; Provided, That no President, Director, or Officer, of
the said Corporation, shall, at any time, owe or be respon-
sible thereto, in any sum larger than his clear interest in
the funds and property of the said Corporation; Provided

Not to issue votes

always, That nothing contained within this act shall be
construed to authorize the Corporation hereby intended to
be created, to issue any bill, note, or other device, in the
nature of a bank note; nor as conferring any powers incon-

Banking rights re-

served

sistent with the grants of the State, heretofore made, to the
existing Banking Institutions in the City of Baltimore.

Committe of in-

spection.

Sec. 6. And be it enacted, That it shall be the duty of
the Directors, at least once in every six months, to appoint
from the members of the Corporation, three competent per-
sons, to investigate the affairs of the said Corporation, and
to make a report thereof, which report shall be recorded in
a book kept for that purpose, that shall be open for the in-
spection at all times of any depositor, or member, and it
shall be the duty of the Directors, on the first Monday of

Dividends.

February, and on the first Monday of August, in each and
every year, to make and declare such dividends of the pro-
fits as shrill have been made by the investments herein be-
fore provided for, after paying the expenses of the institu-
tion, and the same to pay over unto the members of the
said corporation or their legal representatives, within ten .
days thereafter.