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American
Trust and
Investment Co
Incorporated.
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SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Henry C. McGilton, Charles C. Harris, Charles W.
Robey, Harry F. Aftung, Henry H. Sinclair, Charles B. Tay-
lor and Isidor Goodman, 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
name of the American Trust and Investment 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 to use a common seal and to 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 to amend
the same; provided, such constitution, by-laws or amendments
thereto shall not conflict with the Constitution and laws of
the State or of the United States; to elect or appoint directors
and officers, and generally to do, execute and enforce all and
singular such acts, contracts, matters and things as may be
necessary to carry out the objects and purposes, and to pro-
tect the interests of said body corporate, and to exercise the
power or powers by this Act conferred upon it. The office of
this corporation shall be located in Baltimore City, Mary-
land.
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Capital stock
with privilege
to increase.
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SEC. 2. And be it further enacted, That the capital stock of
said body corporate shall consist of one thousand shares of
the par value of one hundred dollars each, being with the
privilege to increase the same from time to time by a vote of
the stockholders at a special meeting or meetings to be called
for that purpose, to a sum not exceeding five million dollars;
and the incorporators or a majority of them, named in this
Act, shall have power to open books for subscription at such
times and places in the City of Baltimore and elsewhere as
they may deem expedient; and they shall have power to com-
pel all subscribers to said stock to subscribe and pay therefor,
at par, or at such sum above par as they may decide; and when
the par value, or such sum above par as may be agreed upon
on any share shall have been fully paid, the same shall there-
upon become non-assessable and non-liable for or on account
of any purpose whatsoever. The said body corporate shall
not, however, begin the prosecution of any business under its
charter until its said stock to the amount of two hundred and
fifty shares shall have been subscribed, which may be payable
in such instalments as the directors of said corporation may
stipulate and shall have been subscribed to, and when
all of the two hundred and fifty shares shall have been
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