178

LAWS OF MARYLAND.

pleasure, and generally to do and perform, make and

execute, and cause to be done, all and singular such

acts, matters and things as a corporation or body

politic may and can lawfully do, perform, make, ex-

ecute and cause to be done.

Dircctors

SEC. 3. And be it enacted, That the said Charles

Weber, Henry Straus, Anton Weiskittle, Frederick

Wehr, Wm. G. Atkinson, A. H. Schulz, J. G. Kop-

pelmam, M. Willmger, Peter Volz, H. R..Heone-

man, Anton Bosse, and Christoph Gissel, herein-

before mentioned, shall be the Directors of said bank

for the first year of its existence, and until their

successors are regularly chosen, and have entered

upon the discharge of their duties ; and that the af-

fairs and concerns of said bank shall be conducted,

managed and carried on by the said directors, hereby

appointed, in the manner and form as hereinafter

provided and prescribed for the conduct and man-

agement of the business affairs and concerns of said

bank; and that said directors shall be subject and

liable to the provisions of this charter or act of in-

corporation in the same manner as those directors

that hereafter may be chosen hereunder.

SEC. 4. And be it enacted, That the capital stock of

Capital stock

said corporation shall be six 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 twenty thousand,

thus making the entire capital stock two million

dollars; and when six hundred thousand dollars of

said capital stock shall have been fully paid in, in the

lawful money of the United States, and so certified

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 be 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.

SEC. 5. And be it enacted, That the said corpora-

Borrow and

tion shall have power to borrow money, receive

loan money

money on deposit, and pay interest thereon, and to

loan money, and to discount in accordance with legal

rates, taking such security therefor, either real, per-