JAMES THOMAS, ESQUIRE, GOVERNOR.

1832.

admission of members and furnishing proof of such ad-
mission; to provide for paying all necessary expenses in

CHAP. 33.

conducting the affairs of the Corporation; and generally,
to pass all such by-laws as shall be necessary to the exer-
cise of the said powers, and of the other powers vested in
said Corporation by this charter, and the said by-laws

General powers.

from time to time to alter and repeal; Provided, that such
by-laws as shall be made by the directors, may be altered
or repealed by a majority of the members assembled at
any annual meeting or at any general meeting called in
pursuance of any by-laws made for that purpose, and a
majority of the members may at any annual or general
meeting, pass by-laws, which shall be binding upon the
Directors; Provided, that such by-laws shall not be con-
trary to the laws of this State, or of the United States.

Provisos.

Sec. 4. And be it enacted, That the said corporation
shall be capable of receiving from any free person or per-
sons such deposite or deposites of money as shall be pro-
vided for by the by-laws of said Institution, and that all
monies so received shall be invested in public stock, or
any other securities which the board of directors in their
discretion, shall deem most safe and beneficial for the in-

May receive depo-

sits

terests of said corporation; provided always, that such in-
vestments of the funds of the corporation shall be in the
manner provided for in the by-laws; provided, that nothing
contained within this act shall be construed to authorise

Investment direct-

ed

the corporation hereby intended to be created, to issue any
bill, note or other device, in the nature of a bank note;
provided, that nothing herein contained shall be so con-
strued as to confer an authority on the directors or stock-
holders by any rule or by-law, to restrict or limit the num-

Not to issue notes

ber of weekly depositors who may desire to deposile or
become members of said corporation, provided, the
amount paid by each depositor, be not less thap the sum
of 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.

Regular depositor

to be member

Sec. 5. And be it enacted, That the regular weekly de-
posites of any member of said corporation shall in no case
exceed the sum of five dollars per week, and that the
whole amount of such deposites shall in no instance ex-
ceed the sum of two thousand dollars.

Amount of depo-

sit limited

Sec. 6. And be it enacted, That it shall be the duty of
the directors, at least every six months, to appoint from
the members of said corporation three competent persons,
as a committee of examination, whose duty it shall be to

Committee of ex-

animation.