JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 431

their successors and assigns, be and they are hereby
created, made and declared a corporation by the
name and style of the " City Bank of Baltimore," and
by that name may make contracts, sue and be sued,
complain and defend in any court of law or equity,
or any place whatsoever, and to make and use a
common seal, and the same to break, alter and renew
at pleasure, and to make and enforce any by-laws and
regulations, not being contrary to law or the provi-
sions of this act, for the election of directors,, the
management of its property, the regulation of its
affairs and for the transfer of its stock ; by discounting
notes, bills, and other evidences of debt, by receiving
deposits, by buying and selling gold and silver bul-
lion, foreign coin and bills of exchange, by loaning	Powers
money on real and personal security in the manner
specified herein for the purposes authorized by this
act, and by exercising such incidental powers as shall
be necessary to carry on such business; to choose ,	Choose Presi- dent.
one of their number as President, and to appoint a
Cashier and such other officers and agents as their
business may require, and to remove such President,
Cashier, officers and agents at pleasure and appoint
others in their places ; and the usual business of said
bank shall be transacted at their offices, located in
the City of Baltimore.
SEC. 3. And be it enacted, That the President and	May employ
Directors may employ and dispose of the funds,	and dispose of.
money and credits of the said bank, as they or major-
ity of them may deem expedient, subject to the lim-
itations and restrictions herein mentioned.
SEC. 4. And be it enacted, That there shall be paid
at the time of subscribing, to the commissioners or	Paid at time of
to their agent appointed to receive such subscrip-	subscribing
tions, the sum of one dollar per share, and the said
commissioners shall deposit the moneys so received
in a place of safe keeping until the said bank shall
be properly organized for business; and the said
commissioners shall be allowed all reasonable charges
and expenses incident to the execution of their trust
out of the funds of the bank.
SEC. 5. And be it enacted, That the affairs of said	Management
bank shall be conducted by a President and eight	of affairs
directors, who shall be stockholders and citizens of