348
Capability in
law.
Names of
Directors.
Term of ser-
vice.
Capital stock
May increase
Be certified to
Treasur'r and
Comptroller.
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LAWS OF MARYLAND.
SEC. 2. And be it enacted, That said corporation, un-
der the above name and style, is hereby made able
and capable in law to sue and be sued, plead and be
impleaded, answer and be answered, defend and be
defended in courts of record, or any other place
whatsoever; to make, have and use a common seal,
and the same to break, alter and renew at their
pleasure, and generally to do and execute all and
singular such acts, matters and things as a corpora-
tion or body politic may and can lawfully execute.
SEC. 3. And be it enacted, That the said William
Schwarz, Charles Cronhardt, Alexander Y. Dolfield,
Conrad. Gunther, Henry Smith, Simon Stern, John
Hertel, John G. Mann, F. F. Holthaus, John B.
Wentz, Levi Straus and Louis Ehrman, hereinbe-
fore mentioned, shall be the Directors of said bank
for the first year of its existence, and until their suc-
cessors are regularly chosen and have entered upon
the discharge of their duties; and that the affairs
and concerns of said bank shall be conducted, man-
aged and carried on by the said Directors hereby
appointed, in the manner and form as hereinafter
prescribed for the conduct and management of the
business affairs and concerns of said bank, and that
said Directors shall be subject and liable to the pro-
visions of this charter or Act of incorporation as
those Directors that may be chosen hereuuder.
; SEC. 4. And be it enacted, That the capital stock of
said corporation shall be two hundred thousand dol-
lars, divided into shares of one hundred dollars each,
with the privilege of so increasing from time to time
the number of shares in all to be five thousand, thus
making the entire capital stock five hundred thous-
and dollars; and when two hundred thousand dollars
of said capital stock shall have been fully paid in the
> lawful money of the United States, and so certified
1 by a majority of said corporators to the Treasurer
and Comptroller of the State, and a certificate of
their organization be transmitted to the Clerk of the
Court of Appeals, to he by him recorded among the
records of his office, and not before, shall they be
entitled to all the benefits and privileges herein con-
veyed or intended to be conveyed.
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