902

LAWS OF MARYLAND.

Charles T. Morris, Sr., Philip Sherwood, Henry
Fulton,, Robert Ashcroft, Mathias A. Daiger,
James Fields, William M. Ives, William Law-
renceson, Robert Read, Sr., Henry Boss, William
J. Simpson, Charles G. Monmonier, John H.
Hugg, Edwin W. Robinson, Ezekiel C. Johnson,
G. Scott Hughes, James Lewellen, Joseph G. Mer-
ritt, Charles H. Tumbleson, Alexander J. Shaw,
and all and every other person or persons hereafter
becoming members of the Broadway Savings Bank
of Baltimore in the manner hereinafter mentioned
shall be, and are hereby created and made a cor-
poration and body politic by the name and style
of the Broadway Savings Bank of Baltimore, and

Name.

by that name shall have perpetual succession, and
be capable in law to hold property, sue and be
sued, plead and be impleaded, answer and defend
and be answered and defended in courts of law and
equity, or in any other place whatever, and to re-
ceive and make all deeds, transfers, contracts, cove-
nants, conveyances and grants whatsoever, and to
make, have and use a common seal, and the same
to change and renew at pleasure, and generally to
do every other act or thing necessary to carry into
effect the provisions of this Act, and to promote
the design of said corporation.

Elect Direc-
tors.

Sec. 2. And be it enacted, That the said corporation
shall annually on the first Monday in June, in
the city of Baltimore, or at such other time or
place as by the by-laws or regulations hereafter
to be adopted may be appointed, elect from the
members of said corporation twelve Directors, to
serve for the term of twelve months, or until others
shall be chosen, who during their term of service
shall have the sole management and direction of
the concerns of said corporation, elect a President
from their own body, and be authorized to make
from time to time, as they may deem expedient,
such by-laws or other rules for the regulation and
government of themselves and the members of
said corporation, and the same to change, add to,
or amend as may appear necessary or proper ; pro-

Proviso.

vided always, that such by-laws or rules be not
contrary to the Constitution and laws of the United
States or of the State of Maryland ; and provided
also, that said corporation shall not be authorized
to make any bills or notes in the nature or descrip-