WILLIAM GRASON, ESQUIRE, GOVERNOR.

1838.

Sec. 5. And be it enacted, That every person who
shall be a regular weekly depositor of said corporation,
and who shall have deposited not less than one dollar
in each week, for the period of twelve successive
months, shall have the privilege of becoming a mem-
ber of said corporation, and shall have the right to
require and receive from the proper officers thereof,
under its laws, a certificate of membership, and that
when such depositor shall have received such certifi-
cate of membership, he shall thereby become entitled
to all the rights and privileges of a member of said

corporation, under its by-laws, or under the provisions

CHAP. 143.

Depositors entitled

to membership.

of this act; and the directors shall have power to create
shares of stock of twenty six dollars each, and issue
certificates for the same, which shall entitle the mem-
bers holding said stock, to a vote for each and every
share held by them, either in person or by proxy; pro-
vided, that no member shall vote at any election for
directors, on any stock which he has not held three
months previous to such election.

Shares of stock $26.

Entitled to vote.

Sec. 6. And be it enacted, That the regular weekly
deposites of any members of said corporation, shall
in no case exceed the stun of five dollars, in any one
week, and that the whole amount of said deposites and
stock owned by any member or stockholder, shall in
no instance exceed the sum of three, thousand dollars.

Limit deposites.

Sec. 7. And be it enacted, That said corporation shall
be capable of receiving from any free person or per-
sons, any deposit or deposites of money, and that all
monies so received shall be invested, in public stocks
or other securities, at the discretion of the directors,
and in the manner deemed most safe and beneficial;
Provided, that no part of the funds of said corporation
shall be loaned to any officer or director of said cor-
poration.

May receive depos-

ites.

And invest.

Restrictions.

Sec. 8. And be it enacted, That it shall be the du-
ty of the directors, at least once in every six months,
to direct the members to vote by ballot for five compe-
tent persons as a committee of examination, whose duty
it shall be to investigate the affairs of said corporation,

Semiannual com-
mitiees of exami-

nation.

and to make and publish a report thereof, in one or
more newspapers printed in the city of Baltimore, and
it shall also be the duty of the directors, on the first
day of March and September, in each and every year,

Shall publish re-

port.