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SAVINGS BANK v. BANK COMM'R.

[No. 39, September Term, 1967.]

248 Md. 461 (1968)

237 A.2d 45

THE SAVINGS BANK OF BALTIMORE, ET AL. v. BANK COMMISSIONER OF THE STATE OF MARYLAND, ET AL.

Court of Appeals of Maryland.

Decided January 15, 1968.

Attorney(s) appearing for the Case

Franklin G. Allen, with whom were Charles T. Albert and Decatur H. Miller on the brief, for appellants.

Edward L. Blanton, Jr., Assistant Attorney General, with whom was Francis B. Burch, Attorney General, on the brief, for Bank Commissioner of the State of Maryland, one of appellees; Richard W. Emory, with whom were William J. McCarthy and Venable, Baetjer & Howard on the brief, for The Equitable Trust Company and Suburban Trust Company, other appellees.

The cause was argued before HAMMOND, C.J., and HORNEY, BARNES, McWILLIAMS and SINGLEY, JJ.

SINGLEY, J., delivered the opinion of the Court.

On 30 January 1819, the Maryland Legislature passed "An Act to incorporate the Savings Bank of Baltimore."1 The corporate purpose appears in Section 3 and the grant of powers, in Section 1 of the charter granted by the Legislature. The sole limitation is contained in Section 2:

"And provided also, that said corporation shall not be...

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