EDWIN WARFIELD, ESQ., GOVERNOR.

631

United Trust Company of Maryland, and by that name shall

have perpetual succession, and shall be competent to sue and

be sued in any court of law or equity whatsoever, to have and

to use a common seal, and to alter the same at its pleasure,

and to make and adopt a constitution and by-laws for the

government of said body corporate and its officers, agents

and employees, and from time to time amend the same; pro-

vided, such constitution, by-laws or amendments thereto shall

not conflict with the Constitution and laws of this State or

of the United States ; to elect or appoint directors and officers,

and generally to do, execute and enforce all and singular

such acts, contracts, matters and things as may be necessary

to carry out the objects and purposes, and to project the

interests of said body corporate; and to exercise the power

or powers by this Act conferred upon it. The office of said

Location of
office.

corporation shall be located in Baltimore City, Maryland.

SEC. 2. And be it enacted. That the capital stock of said body

Its stock capi-

corporate shall consist of two thousand five hundred shares

talized.

of the par value of one hundred dollars each, and said body

corporate shall have the right to increase its capital stock from

time to time by a vote of the stockholders at a special meet-

ing or meetings to be called and held for that purpose to

any sum or sums not exceeding five million dollars ; the said

body corporate shall have the right to begin the prosecution

of any business under its charter and to exercise any of its

corporate [towers as soon as its said stock to the amount

of one hundred thousand dollars, which may be payable in

such instalments as the directors of said corporation may

stipulate, shall have been subscribed to and paid for in cash.

SEC. 3. And be if enacted, That the said body corporate shall

have the right to purchase and hold, bargain and sell, grant,

Powers of
body corpo-

assign and convey land or any interest or estate therein, chat-

rate.

tels, choses in action, checks, notes, bills receivable, bills pay-

able, bills of exchange, due bills, certificates of deposit, ware-

house receipts, stocks, bonds, mortgages on real, leasehold

or chattel property, and every and any evidence of debt; to

advance or lend money upon the security thereof by receiv-

ing and holding the same on such terms as may be agreed

upon or established by the said company, or of accepting

mortgages or other liens thereon, or otherwise and generally

to deal in every and all descriptions of property or properties,

personal effects, securities, mortgages, land, certificates of in-

Loans on

debtedness, stock of incorporated companies, loans on bonds

bonds.

of the United States or of any State, city, county or munici-