henever 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 rateably
among the depositors, in such manner as the Board of Trustees
shall direct.

"SEC. 13. _And be it further enacted_, That 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, or the minor were of full age, if such
deposit was made personally by such minor. And whenever any
deposits shall have been made by married women, the Trustees may
repay the same on their own receipts.

"SEC. 14. _And be it further enacted_, That 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. _And be it further enacted_, That the President,
Vice-President, and subordinate officers and agents of the
Corporation, shall respectively give such security for their
fidelity and good conduct as the Board of Trustees may, from time
to time, require, and the Board shall fix the salaries of such
officers and agents.

"SEC. 16. _And be it further enacted_, That the books of the
Corporation shall, at all times during the hours of business, be
open for inspection and examination to such persons as Congress
shall designate or appoint.

"Approved March 3, 1865."

Eleven of these banks were established in 1865, nine in 1866, three in
1868, one in 1869, and the remainder in 1870, after the charter had
been amended as follows:

"AN ACT TO AMEND AN ACT ENTITLED 'AN ACT TO INCORPORATE THE
FREEDMAN'S SAVINGS AND TRUST C