THOMAS SWANN, ESQUIRE. GOVERNOR. 863
Sec. 9. And be it enacted, That a majority in
amount of shares of the whole number of stock-
holders may in their discretion accept and receive
any additional powers and privileges which may
at any time be conferred upon the said company,
either by amendment of this Act or by any other
Act hereafter to be passed. |
Additional
powers. |
Sec. 10. And be it enacted, That nothing herein
contained shall be construed as to confer banking
privileges on said company to issue any note or
other evidence of debt to be used as currency. |
No banking
privileges. |
Sec. 11. And be it enacted. That this Act shall
take effect from the date of its passage, and con-
tinue in force until the year eighteen hundred and
ninety-six (1896), and until the end of the next
session of the General Assembly which shall take
place thereafter, and that the General Assembly
reserves to itself the right to repeal or annul this
Act of incorporation at its pleasure. |
In force. |
CHAPTER 425. |
|
AN ACT to incorporate an institution in the city
of Baltimore to be called the Bank of Collateral
Deposits. |
Pawed Mar.
22, 1867. |
SECTION 1. Be it enacted by the General Assem-
of Maryland, That Luther A Schoolfield, Jasper
M. Berry, Isaac Lobe, Henry S. Lewyt, Henry E.
Myers or any three of them and all other persons
who may hereafter associate with them in the
manner prescribed, be and they are hereby in-
corporated by the name of the Bank of Collateral
Deposits, and by that name shall have succession
ana by law be capable to hold and dispose of per-
sonal property, sue and be sued, plead and be im-
pleaded in Courts of Law or Equity or else-
where, to receive and make all transfers, grants
and contracts pertaining to the conduct of the
business of said corporation, to make, have and use |
Incorpora-
tion. |
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