1847.

LAWS OF MARYLAND.

CHAP. 200.
Provisoes.

cise of the said powers, and of the other powers vested
in said corporation by this charter, and the said bye-laws
from time to time to alter and repeal; provided, that all
such bye-laws as shall be made by the directors may
be altered or repealed by a majority of the members as-
sembled at any annual meeting or at any general meet-
ing called in pursuance of any bye-law made for that
purpose, and a majority of the members may at any an-
nual or general meeting pass bye-laws which shall be
binding upon the directors; provided, that such bye-

laws shall not be Contrary to the laws of this State or of
the United States.

May receive
deposites.

SEC. 4. And be it enacted, That the said corporation
shall be capable of receiving from any free person or per-
sons any deposit or deposits of money, and that all
moneys so received shall be invested in public stocks or
other securities, at the discretion of the directors, in the

Provided.

manner deemed most safe and beneficial; provided al-
ways, that no director or number shall be liable in his
person or property for any debut contracted 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.

Weekly depo-
sitors to be
members of the
institution.

SEC. 5. And be it enacted, That no weekly deposi-
tor shall be permitted to deposit 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
institution, and who along, after being weekly depositors
as aforesaid 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 deposits are to be
regulated by the bye-laws of the institution.

Committee of
examination—
their duties.

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 corporation,
and to make and publish a report thereof in one Or more
newspapers printed in the town of Middletown in said
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.