APPENDIX 135 
directly, borrow the funds of the corporation or its de- 
posits, or in any manner use the same, or any part thereof, 
except to pay necessary expenses, under the direction of 
the board of trustees. All certificates or other evidences 
of deposit made by the proper officers shall be as binding 
on the corporation as if they were made under their com- 
mon seal. It shall be the duty of the trustees to regulate 
the rate of interest allowed to the depositors so that they 
shall receive, as nearly as may be, a ratable proportion of 
all the profits of the corporation after deducting all neces- 
sary expenses: Provided, however, That the trustees may 
allow to depositors, to the amount of five hundred dollars 
or upwards, one per centum less than the amount allowed 
others: And provided, also, Whenever it shall appear that, 
after the payment of the usual interest to depositors, there 
is in the possession of the corporation an excess of profits 
over the liabilities amounting to ten per centum upon the 
deposits, such excess shall be invested for the security of 
the depositors in the corporation; and thereafter, at each 
annual examination of the affairs of the corporation, any 
surplus over and above such ten per centum shall, in 
addition to the usual interest, be divided ratably among 
the depositors in such manner as the board of trustees 
shall direct. 
Sec. 13 . . . whenever any deposits shall be made by 
any minor, the trustees of the corporation may, at their 
discretion, pay to such depositor such sum as may be due 
to him, although no guardian shall have been appointed 
for such minor, or the guardian of such minor shall not 
have authorized the drawing of the same; and the check, 
receipt, or acquittance of such minor shall be as valid as 
if the same were executed by a guardian of such minor. 
And whenever any deposits shall have been made by 
married women, the trustees may repay the same of their 
own receipts. 
Sec. 14 . . . the trustees shall not directly or indirectly 
receive any payment or emolument for their services as 
such, except the president and vice-president. 
Sec. 15 . . . the president, vice-president, and sub- 
ordinate officers and agents of the corporation shall re-