THOMAS SWANN, ESQUIRE, GOVERNOR. 609
Sec. 2. And be it enacted, That the Company may
sell and dispose of the additional capital provided
for by the twentieth Section of its charter, in such
mode as may from time to time be determined by
the President and Directors, or a majority of them,
and one act of the said President and Directors in
reference to an increase of the capital stock shall
not be deemed an exhaustion of their power under
the said Section, and the said President and Direc-
tors, or a majority of them, may increase the cap-
ital stock to such amount beyond that specified in
the thirteenth Section of the charter, as they or a
majority of them may deem necessary for the con-
struction of the road.
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Additional
capital.
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Sec. 3. And be it enacted, That this shall take
effect from the date of its passage.
Approved March 30, 1868.
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In force.
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CHAPTER 339;
AN ACT to authorize the American Life Insurance
and Trust Company to settle any outstanding
transaction in which it may be interested.
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SECTION 1. Se it enacted by the General Assembly
of Maryland, That the Act incorporating the
American Life Insurance and Trust Company, and
the several supplements thereto, be and the same
are hereby so far revived as to enable the Attorney
of the said Company to settle any transaction which
may still remain open and outstanding ; provided,
that the twenty cents on every hundred dollars of
the capital stock of said Company be paid as pro-
vided for, by and under the Act of the General As-
sembly, passed eighteen hundred and thirty-five,
Chapter two hundred and tbrty ; and provided,
that nothing in this Act shall affect any suit now
pending in equity, or affect any plea now pleaded
or which may hereafter be pleaded in any suit now
instituted.
39
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Revived.
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