JOHN WALTER SMITH, ESQ., GOVERNOR.
entitled "An Act to incorporate the Mortgage and Trust
Company to that of the Standard Trust Company," and to
repeal and re-enact with amendments Section thirteen of
said Chapter, subjecting said company to certain provi-
visions and authorizing it to unite with any other like com-
pany.
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301
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SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the name of the "Mortgage and Trust Company,"
incorporated by Chapter two hundred and sixty-three of the
Acts of eighteen hundred and ninety-eight, entitled "An Act
to incorporate the Mortgage and Trust Company," be and the
same is hereby changed to the name of the "Standard Trust
Company."
SEC. 2. And be it enacted, That Section thirteen, of said
Chapter two hundred and sixty-three of the Acts of eighteen
hundred and ninety-eight, be and the same is hereby repealed
and re-enacted with amendments, so as to read as follows:
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Name changed
Standard
Trust Co.
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13. Said corporation shall be subject at all times to the
provisions of the Act of eighteen hundred and ninety-two,
Chapter one hundred and nine, as amended by the Act of
eighteen hundred and ninety-six, Chapter one hundred and
sixty, and to the Act of eighteen hundred and ninety-two,
Chapter two hundred and seventy-nine, and to all general
laws applicable to companies or associations of a nature
similar to that mentioned in this Act; and that this corpora-
tion shall have the power to unite with any other corporation
of the same kind engaged in the same general business and
incorporated under the laws of the State of Maryland, and
may by such union form one new corporation; provided, that
a majority of the stockholders of this company and of such
other corporation uniting with it shall assent thereto in
writing. Such union or consolidation shall be made upon
such terms and conditions and in such manner as shall be
agreed upon by the directors of this and the uniting company,
and the charter of the company consolidating with this cor-
poration shall be merged with the charter of this company;
and the said new consolidated company may have such num-
ber of directors, adopt such name as shall be agreed upon by
the directors of this and the corporations uniting; and the
capital stock of the consolidated company shall consist of the
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May
consolidate
with other
corporations.
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aggregate paid-in capital stock of the uniting corporations;
and when such consolidation is effected, a certificate setting
forth the charters of the several consolidating companies, the
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Capital stock.
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