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SECTION 1. Be it enacted by the General Assembly
of Maryland, That the general business and object
of the Dime Savings Bank of Baltimore, shall be to
receive on deposit such sums as may be from time to
time offered therefor, by mariners, tradesmen, clerks,
merchants, laborers, miners, servants and others; and
investing the same in the securities or stocks of this
State or of the United States, or in the stocks or
bonds of the city of Baltimore, authorised to be is-
sued by the Legislature of Maryland, or in well se-
cured annuities in the city of Baltimore, or loaning
the same on the aforesaid or on other approved divi-
dent-paying securities, or on improved real estate,
provided such real estate shall be worth at least dou-
ble the amount, to be secured thereby, or in such
other manner as is authorised by the act by which
the said bank was created; for the use, interest and
advantage of the said depositors and their legal rep-
resentatives, and the said corporation shall receive
as deposites from persons of the description above
mentioned all sums of money which may be offered
for the purpose of being invested as aforesaid; which
shall as soon :is practicable be invested accordingly,
and shall be repaid to such depositors when required,
at. such times with such interest and under such reg-
ulations as the Board of Directors shall from time to
time prescribe; which regulations shall be put up in
some public and conspicuous place in the rooms
where the business of said corporation shall be trans-
acted; but no by-law or regulation shall be adopted
by said directors, whereby any amount not less than
ten cents, nor more than twenty dollars, shall be re-
fused by this corporation, when offered as a deposit by
any individual. Deposits of larger amount shall be
received at the discretion of the Directors, and the
regulations so adopted, shall not be altered so as to
affect any deposit previously made; no President, Di-
rectors or Treasurer, or other officer, or servant of
said corpora:ion, shall directly or indirectly borrow
the funds of said corporation, or its deposits, or in
any manner use the same or any part thereof, except
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General busi-
ness and ob-
ject.
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