CHAPTER 219.
AN ACT to incorporate the Real Estate Bank of
Baltimore.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That Washington A. Page, Louis A.
Page, Thomas G. Turner, Francis M. Shipley, Van
Vert Kllnefelter, and the subscribers to the stock of
the corporation, be and they are hereby constituted
a body corporate and politic, by the name and style
of the Real Estate Bank of Baltimore, and by that
name shall have perpetual succession, and be capable
in law to sue and be sued, plead and be impleaded,
answer and be answered, defend and be defended,
in all courts of law and equity, or elsewhere; to
make and use a common seal, and the same to alter
or renew; to purchase, hold, and dispose of real,
leasehold and personal property; to loan money
upon mortgage of real or leasehold property, or
pledge of personal property, at the rate of six per
centum per annum; to receive deposits of money,
and allow such interest thereon as may be agreed
upon, and generally to do all things relative to the
objects of the corporation which now is or may be
lawful for any body corporate or politic to do; but
nothing herein contained shall authorize the issue
of any note or other evidence of debt to be used as
currency.
SEC. 2. And be it enacted, That the capital stock
be ten thousand dollars, divided into one hundred
shares of the par value of one hundred dollars each,
but the directors may, with the consent of the holders
of two-thirds of the stock, increase said capital stock
to any sum not exceeding one million dollars.
SEC. 2. And be it enacted. That on the second Wed-
nesday after the passage of this Act, and on the first
Wednesday in February, in each and every year
thereafter, the stockholders shall elect, by ballot,
eleven of their number to be the directors of the
corporation, each stockholder to have as many votes
as he holds shares, and the said directors, as soon
after said election as may be, shall elect from their
number a President and Vice President.
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Incorpor ted
Rights and
powers
Not to issue
note to be
used as cur-
rency
Capital stock.
Number of
Directors.
Elect Pres
dent
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