to keep a record of; to require new 15. Choice and appointment of officers. 16. Special meetings, how called and rum. 17. Members of the corporation. DEPOSITS, LOANS AND INVESTMENTS. 20. Investments. Exemption from taxes. 21. No officer charged with the invest- 23. Applications for loans to be made in DIVIDENDS AND PAYMENTS. SECTION 24. Guaranty fund. 25. Net profits to be divided among deposi- 26. Dividend not to be paid unless net 27. Extra dividends. 28. No dividend to be declared or paid, 29. Deposits, how withdrawn. Payments 30. Depositor may set off the amount of De- 31. In actions for deposits, claimants 32. When a deposit is made in trust, 33. Depositor to be notified when amount 34. List of amounts due depositors not SPECIAL TRUST FUNDS. 35. Corporations may receive funds in Ex- 36. Probate courts may authorize exec- 38. If the corporation ceases to do busi- P. S., CHAPTER 116. [WITH AMENDMENTS AND ADDITIONAL LEGISLATION NOTED IN THE MARGIN.] COMMISSIONERS OF SAVINGS BANKS. and tenure of 1866, 192, §§ 1, 2. 1876, 221, §§ 1-3. SECTION 1. The board of commissioners of savings Appointment banks shall consist of two commissioners appointed by office of board. the governor, with the advice and consent of the council, and subject to removal in like manner, each of whom shall be sworn, and shall hold office for the term of three years unless sooner removed. Upon the occurrence of a vacancy before the expiration of a term, an appointment shall be made for the remainder of the term. and allowances. SECT. 2. The annual salary of each of said commis- Compensation sioners shall be three thousand dollars; and the board 1856, chap. 252. shall be allowed two thousand four hundred dollars a year for clerical assistance, and also the actual expenses incurred in travelling in the discharge of its official duties. visit and exam annually. 1876, 231, § 3. 1888, chap. 51. SECT. 3. The commissioners shall visit once in every The board to year, and as much oftener as they deem expedient, every ine every bank savings bank and institution for savings incorporated by 1866, 192, § 2. authority of this Commonwealth, and when such institutions are connected with a national bank they shall make such arrangements with the national bank examiner, if possible, that their visits shall be simultaneous. At such visits they shall have free access to the vaults, books and papers, and shall thoroughly inspect and examine all the affairs of each of said corporations, and make such inquiries as may be necessary to ascertain its condition and |