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Session Laws, 1854
Volume 616, Page 460   View pdf image
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T. WATKINS LIGON, ESQUIRE, GOVERNOR.

457

managing and directing the affairs of the corporation ;
Provided, such by-laws, rules and regulations are not
repugnant to this act, to the constitution or laws of this
State or of the United States.

Proviso.

SEC. 8. And be it enacted, That the treasurer and
agents of said corporation shall respectively give such

security for their fidelity and good conduct as the board
of directors may from time to time require, and said
board of directors shall fix the salaries of such officer
and agents.

Security of
treasurer.

SEC. 9. And be it enacted, That the books of said
corporation shall at all times during their hours of busi-

ness, be open for inspection and examination to the
Comptroller of this State and such other persons as the
Legislature shall designate or appoint as their agents for
that purpose.

Books to be
open for in-
pection.

SEC. 10. And be it enacted, That whenever any de-
posit shall be by any minor, the directors of said corpora-
lion may at their discretion pay to such depositor such
sums as may be due to him or her, although no guar-
dian shall have been appointed for such minor or the
guardian of such minor shall not have authorised the
drawing of the same, and the check, receipt or acquit-
ance of such minor shall be as valid as if the same was
executed by a guardian of such minor, or the said
minor was of full age, if such deposit was made per-
sonally by said minor, and whenever any deposit shall
have been made by married women, may repay the
same on their own receipts.

Deposits of
minors.

SEC. 11. And be it enacted, That the superior court
of Baltimore city, may at any time on the application

of any director or depositor in said institution, and on
reasonable cause shown therefor, to the satisfaction of
said court, appoint one or more persons to examine into
the investments thereof, and its affairs and business
generally, the books, papers and business of said cor-
poration shall be open and subject to the examination of
such person or persons, and the directors, officers and
clerks thereof or any other person may be examined on
oath by such person or persons, and the said court may
confer such further powers on the person or persons so
appointed as they may consider necessary for the more
thorough and perfect examination of the affairs and
business of said corporation, the said person or persons
so appointed shall report the result of their investigation
to the said court who if satisfied thereby, that any of-

Examination
of investments.



 
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Session Laws, 1854
Volume 616, Page 460   View pdf image
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