ODEN BOWIE, ESQUIRE, GOVERNOR, 313

thousand dollars, divided into one thousand shares of the par value of one hundred dollars each, with
liberty to increase the same at any time hereafter to a sum not exceeding five hundred thousand dol- lars, and that subscriptions to the said capital stock may be made in land and real estate, stocks, bonds, leasehold interest or other property, at a valua- tion agreed upon between the Directors of the said Company and the subscriber or subscribers to its	May increase capital.
stock; and as soon as one thousand shares of the said stock shall be subscribed for, and an instal- ment of one dollar upon each share of stock paid to the treasurer of the said Company, the said The National Business Agency Company shall be able and competent to transact all kinds of business for which it is established, and the said Augustine J, Smith, Henry H. Lewis, Sydney C. Long, Archi- bald M. Smith, Cornelius B. Hite, Sydney G. Hand and William A. Morgan are hereby created Directors in the said company until the first Monday in Jan- uary, eighteen hundred and seventy-one, and until	Instalments.
their successors are elected, any five of whom may be present at their first meeting and proceed to organize by the election of a President, Secretary and Treasurer of the said company; and the said President and Directors shall make such by-laws, rules and regulations for the government and con- duct of the said company as they may desire, that are not inconsistent with the constitution and laws of this State, with the power to alter and amend the same; and the stockholders, or their legal rep- resentatives, shall, on the first Monday in Jan- uary in each and every year, choose by ballot from among their number the number of Directors de- signated by the by-laws, to serve for one year, and	Elect officers.
until their successors are elected; public notice of said annual meeting of stockholders to be given by the Secretary, at least ten days previously thereto, by advertisement inserted five times in two daily newspapers in the city of Baltimore. Sec. 3. And be it enacted, That the President and Directors of the said Company shall he and	Public notice.
they are hereby authorized to transact the real estate, pension and general patent, collection, gen- eral agency, general claim business, and for that	Make collec- tions.
purpose to establish offices, (the principal one of which shall be in Baltimore City) in such places as	Establish offices.