JOHN WALTER SMITH, ESQ., GOVERNOR.

485

personalty or other securities of any individual, firm, muni-
cipality or body corporate, and to endorse, guarantee or secure
the payment of any note, contract, bond, stock, warehouse
receipt, bill of exchange or evidence of debt issued by any
individual, corporation, partnership, City, State, county or
municipality upon such terms as may be agreed upon. The
said corporation shall have the right to establish branches for
the transaction of its business, and to have and appoint agents
and employees to conduct the same.

Guarantee
payment of
notes, con-
tracts, etc.

SEC. 9. And be it enacted, That in case of dissolution of
said corporation, the debts due as receiver, trustee, executor,
assignee, guardian, administrator or committee under the
order of any court shall be preferred in the distribution of
assets of the company.

SEC. 10. And be it enacted, That the General Assembly
of Maryland reserves the right to repeal, alter or amend this
Act at its pleasure; provided, that said corporation shall be
subject at all times to the provisions of the Act of eighteen
hundred and ninety-two, Chapter 109 and 279, or amendments
or supplements thereto.

SEC. 10A. The home office of this body corporate shall be
located in Kent County, State of Maryland.

SEC. 11. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 5, 1900.

CHAPTER 323.
AN ACT to incorporate the Montgomery Title Insurance and
Trust Company.

Preferences in
case of
dissolution.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That George M. Anderson, Henry C. Allnut, Samuel E-
Eastburn, Charles B. Jones and William Garner Bouic, and
all others who shall hereafter become stockholders in the cor-
poration hereby created, their successors and assigns be and
they are hereby created a body corporate by the name of the
Montgomery Title Insurance and Trust Company, and by
that name shall have perpetual succession, and shall be capable
to sue and be sued, complain and defend in any court of law
or equity, to make and use a common seal and alter the same
at pleasure, to make by-laws not inconsistent with law for
the management of its property, the regulation of its affairs

Montgomery
Title Insurance
and Trust
Company.
Incorporated,