53

LAWS OF MARYLAND.

SEC. 2. And be it enacted, That this Act shall take effect

from the date of its passage.

Approved March 9, 1904.

CHAPTER 36.

AN ACT to repeal and re-enact with amendments Sections I,

3 and 4 of Chapter 157 of the Acts of the General Assembly

of Maryland, passed at the January Session, 1900, entitled

"An Act to incorporate the Annapolis Banking and Trust

Company, " be and the same are hereby repealed and re-

enacted, with amendments, so as to read as follows:

SECTION 1. Be it enacted by the General Assembly of Mary-

land, That Sections 1, 3 and 4 of Chapter 157 of the Acts of

the General Assembly of Maryland, passed at the January

Session, 1900. entitled "An Act to incorporate the Annapolis

Banking and Trust Company, " be and the same are hereby

repealed and re-enacted with amendments so as to read as

follows:

Incorporation

1. That Luther H. Gadd. Oscar Tilghman, Henry B. Myers,

of a banking

and trust

George K. Merrill, B. Allein Welch. Richard G. Chancy,

company.

George T. Melvin, Robert J. Berryman, George M. Murray,

Enoch W. Downs, John De P. Douw, Charles Weiss, Eugene

W. Iglehart. Frederick W. Kipper, Joseph T. Brenan and G.

Thomas Beasley, and their associates and successors and all

such persons as shall hereafter become stockholders in the

company hereby incorporated shall be and they are hereby

constituted a body politic and corporate by the name and

style of The Annapolis Banking and Trust Company, and by

that name shall be capable in law to acquire and hold and in

anywise dispose of property, and to sue and be sued, plead

and be impleaded, in any court whatever; to make and use

a common seal and to alter same at pleasure, and generally

to do everything proper to carry into effect the provisions of

this Act. or to promote the objects and designs of the com-

pany hereby incorporated.

3. That the capital stock of said company shall consist of

five hundred shares at one hundred dollars each, being fifty

Capital stock.

thousand dollars, with privilege to increase the same from

time to time up to the sum of two hundred and fifty thousand

dollars by a vote of the stockholders at a special meeting to

be called for that purpose; and the incorporators, or a ma-

jority of them, shall have the power to open books for sub-

scription at such times and places as they may deem expedient,