82

LAWS OF MARYLAND.

by a majority vote of the stockholders at a special meeting or
meetings to be called for that purpose, and the incorporators,
or the majority of them named in this Act, shall have power
to open books for subscription at such time and place as they
may deem expedient; and when two thousand shares have
been subscribed, and when 50 per cent, thereon has been paid
in, the stockholders may elect directors to the number of
twenty-five, to serve until the ensuing annual election, or
until their successors have been duly elected and qualified,
and the directors so elected of said company, when it shall
have been organized, may and they are hereby authorized
and empowered to have and to exercise in behalf and in the
name of the company all rights and privileges which are
intended to be hereby given; and should the capital stock be at
any time increased, the stockholders at the time of such
increase shall first be entitled to a pro-rata share of such
increase upon the payment of the par value of the same, or of
such price in excess of the par value, as the board of directors
may prescribe.

Name of
corporation
changed to
Union Trust
Co.

SEC. 21. And be it further enacted, That the name of said
Realty Trust Co. of Maryland be and is hereby changed, and
the same shall hereafter be called and known as the Union
Trust Co. of Maryland; provided, however, and it is hereby
expressly declared that the change of name hereby made
shall in no wise affect the rights, privileges and powers of
said corporation, and shall in no wise impair or affect exist-
ing contracts, engagements, debts and liabilities with or to
other persons, or other persons with or to said corporation.

SEC. 22. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved March 15, 1900.

CHAPTER 77.
AN ACT to amend the charter of the Peoples' Bank of Balti-
more City, a body corporate, as contained in the Act of
eighteen hundred and eighty-four, Chapter three hundred
and forty-two, by repealing and re-enacting with amend-
ments Section three of said Act.

Peoples' Bank
of Baltimore
City.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Act of eighteen hundred and eighty-four,
Chapter three hundred and forty-two, Section three, relating