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Session Laws, 1856
Volume 623, Page 513   View pdf image
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T. WATKINS LIGON, ESQUIRE, GOVERNOR.

513

least once in every six months, in each and every
year, to make and declare such dividend of the inter-
est and profits of said Savings Hunk as will not im-
pair the deposits thereof, or otherwise injuriously af-
fect the interests of said Savings Bank, and the same
to pay over unto depositors, or their legal represen-
tatives, within ten days thereafter, if called on.

SEC. 6. And be it enacted, That no stockholder
or depositor, who is a debtor to this Savings Bank,
shall be permitted to transfer his stock or deposits,
until such debt be paid, or otherwise secured, to the
satisfaction of the directors.

Stock trans-
ferable.

SEC. 7. And be it enacted, That in all discounts
or loans to be made by said corporation, it shall be
governed in its calculations of interest by Rowlett's
tables.

Discounts.

SEC. 8. And be it enacted, That the concerns
of the institution, hereby intended to be incorporated,
shall at all times be subject to the inspection of the
Treasurer of the State of Maryland, or such other
officer or agent of the State, as may be selected for
that purpose by either branch the legislature.

Subject to in-
spection.

SEC. 9. And be it enacted, That the capital stock
of said corporation shall not exceed the sum of one
hundred and fifty thousand dollars, until an addition-
al capital is authorised by the General Assembly.

Capital stock.

SEC. 10. And be it enacted, That the Legislature
shall have at all times the right to alter or annul this
act.

Reservation.

SEC. 11. And be it enacted, That this act shall
take effect from the date of its passage.

CHAPTER 330.

In force.

AN ACT to authorise a single justice of the peace,
to bind out apprentices in Somerset county.

Passed Mar.
10, 1856.

Be it enacted by the General Assembly of Mary-
land, That from and after the passage of this act, it
shall and may be lawful for any single justice of the
peace, to bind out apprentices in Somerset county,

Lawful to hire
out.



 
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Session Laws, 1856
Volume 623, Page 513   View pdf image
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