THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.

persons, any deposite 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

CHAP. 297.

the manner deemed most safe and beneficial; provided
always, that no director or member shall be liable in his
person or property for any debts, contracts or engage-
ments of the said corporation; but that the money, pro-
perty, rights and credits of said corporation and nothing
more, shall be liable for the same; provided also, that no
part of the funds of said corporation shall be loaned to
any officer or director of said corporation.

Provisoes.

SEC. 5. And be it enacted, That no -weekly depositor
shall be permitted to deposite more than five dollars or
less than fifty cents, for each and every week he or she
may be a depositor in said institution; and all free, white
male or female weekly depositors, of twenty-one years of
age, to be considered as regular members of this institu-
tion; and who alone, after being weekly depositors as
aforesaid, for six months previous to the election, shall
be entitled after the first election, to vote for officers of
said institution; all other depositors to be considered
alone as special depositors, where deposites are to be
regulated by the by-laws of the institution.

Weekly depo-
sitor not to de-
posite more
than $5 or less
than 50 cents.

SEC. 6. And be it enacted, That it shall be the duty
of the directors, at least once in every six months, to ap-
point from the members of said corporation five compe-
tent persons as a committee of examination, whose duty
it shall be to investigate the affairs of the said corpora-
tion, and to make and publish a report thereof, in one or
more newspapers printed in the town of Westminster,
in Carroll county; and it shall also be the duty of the
directors on the first day of January, and on the first day
of July, in each and every year, to make and declare a
dividend of the interest and profits of said corporation
after paying its expenses, and the same to pay unto the
depositors or their legal representatives, within ten days
thereafter.

Appoint five
persons com-
mittee of ex-
amination.

SEC. 7. And be it exacted, That nothing in this act
shall be so construed, as to authorise the said corporation
to issue any note, token, scrip, device or other evidence
of debt, to be used as currency.

Issues forbid.

SEC. 8. And be it enacted, That this act shall enure
for twenty years from its passage; and that the legisla-
ture reserves to itself the right to alter or annul this act
of incorporation at pleasure.

Enure for 20
years.