1142

LAWS OF MARYLAND.

SEC. 3. And be it enacted, That this Act shall take effect
from and after the first day of October, nineteen hundred
and one.

Approved April 10, 1900.

CHAPTER 717.
AN ACT to incorporate the Western Trust and Deposit Com-
pany.

Western Trust
and Deposit
Company,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That George P. Buckey, Charles E. Keller, Brook I.
Jamisen, Charles E. Pool and John A. Clary, and the sub-
scribers to the stock of the corporation hereby created and
their successors and assigns, be and they are hereby created a
body corporate by the name of the Western Trust and Deposit

Incorporated.

Company, and by that name shall have perpetual succession,
and shall be competent to sue and be sued in any court of
law or equity whatsoever; to have and use a common seal and
alter the same at its pleasure, and to make and adopt a consti-
tution and by-laws for the government of said body cor-
porate and its officers, not inconsistent with the laws of this
State or of the United States.

Shall organize
and elect
president.

SEC. 2. And be it enacted, That George P. Buckey, Charles
E. Keller, Brook I. Jamisen, Charles E. Pool and John A.
Clary be and they are hereby constituted and appointed the
directors of said corporation, and they shall have power, at
any time after the passage of this Act, to elect additional
directors up to eleven, as they may deem best, and organize
by the election of a president and such other officers as in
their judgment may be necessary for the proper management
of the affairs of said company.

Location.

SEC. 3. Be it enacted, That the office of said company shall
be located in Union Bridge, Carroll County, Maryland.

Annual
election of
directors,
president and
other officers.

SEC. 4. And be it enacted, That the president and directors
thus appointed or elected shall serve for one year from the
passage of this Act and until their successors shall be elected
and qualified, and to continue the succession of said corpora-
tion. A general election of stockholders shall be held annually
on the second Monday in April, at which meeting a board of
eleven directors, who shall serve for one year or until their
successors shall be elected and qualified, and they shall elect
from their number a president and vice-president, and shall
also have power to elect a secretary and treasurer and to