992

LAWS OF MARYLAND.

null and void, and this Act shall take effect from the 1st day
of May, nineteen hundred and two.

Approved April 10, 1900.

CHAPTER 626.
AN ACT to incorporate "The City Real Estate Company of
Baltimore City."

The City
Real Estate
Company of
Baltimore
City.

Incorporated.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Fredercik E. Camp, James McColgan, James R.
Tucker, Ira H. Houghton and Charles C. McColgan, and their
associates and successors, and all other such persons as shall
hereafter become stockholders in the company hereby incor-
porated, shall be and they are hereby constituted a body
politic and corporate by the name and title of "The City Real
Estate Company of Baltimore City," and by that name shall
have perpetual succession and be capable in law to acquire
and hold and in any wise dispose of property, and to sue and
be sued, plead and be impleaded in any court whatever; to
make and use a common seal and generally to do, execute
and enforce everything proper to carry into effect the pro-
visions of this Act, or to promote the objects and designs of
the company hereby incorporated.

Capital stock,
with privilege
to increase.

SEC 2. And be it enacted, That the capital stock of said
corporation shall consist of two thousand (2,000) .shares at
twenty-five ($25.00) dollars per share, with the privilege of
increasing the same from time to time to one million
($1,000,000) dollars, and by a majority of the stockholders at
a special meeting or meetings to be called for that purpose,
and the incorporators and a majority of them named in this
Act shall have power to open books for such subscription at
such time and place as they may deem expedient, and when
one thousand (1,000) shares shall have been subscribed, and
when 50 per cent, thereon have been paid in, the stockholders

May elect
directors for
first year.

may elect seven (7) or a less number of directors to serve
until the ensuing annual election, or until their successors
shall have been duly elected and qualified; and the directors
so elected by the said company, when it shall have been
organized, may and they are hereby authorized and empowered
to have and to exercise in the name and in the behalf 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
be entitled to a pro rata share of such increase upon the pay-
ment of the par value of the same.