444

LAWS OF MARYLAND.

Amount
to be paid by
City of
Annapolis.

Bank of Annapolis the sum of four thousand dollars to the
credit of said committee, to pay one-third of the cost of said
improvements, the estimated cost of said paving being about
twelve thousand dollars, of which the State is to pay two-
thirds and the City of Annapolis one-third.

SEC. 3. And be it enacted, That in consideration of the
City of Annapolis paying one-third of the cost of the said
improvement, the committee is hereby authorized and directed
to turn over to the Mayor, Counsellor and Aldermen of
Annapolis the old cobblestone pavement upon State Circle, to
be used in paving other streets of Annapolis.

SEC. 4. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 7, 1900.

CHAPTER 299.

AN ACT to Incorporate the Southern Trust and Deposit
Company of Baltimore, Md.

Southern
Trust and
Deposit Co.
Incorporated.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That John T. Whitehurst, J. Commins McKennie,
Wm. Mohr, Joseph O. Linton, all of Baltimore, Md., and the
subscribers 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 "Southern Trust and
Deposit 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 whatever; to have and to use a common
seal, and alter the same at its pleasure, and to make and adopt
a constitution and by-laws for the government of said body
corporate, and its officers, agents and employes, and from time
to time amend the same; provided, such constitution, by-laws
or amendments thereto shall not conflict with the Constitution
and laws of this State or the United States; to elect and
enforce all and singular said acts, contract, matter and things
as may be necessary to carry out the objects and purposes,
and to exercise the power or powers by this Act conferred
upon it. The home office or place of business shall be located
in the city of Baltimore.

Capital stock.

SEC. 2. And be it further enacted, That the capital stock
of said body corporate shall consist of five thousand shares of
the par value of fifty dollars each, and when the amount of
twenty-five thousand dollars shall have been subscribed and