JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 841

holders shall be liable to the amount of their
respective share or shares of stock for all the debts
and liabilities of said corporation incurred in the
exercise of said banking privileges, whether upon
note, bill or otherwise, as provided by article three,
section thirty-nine, of the Constitution of the State
of Maryland.
SEC. 3. And be it enacted, That the corporation	Powers.
hereby created shall have power to make insurance
for the fidelity of persons holding places of responsi-
bility and trust.
SEC. 4. And be it enacted, That the capital stock
of said company shall consist of five thousand shares
of fifty dollars each, being two hundred and fifty	Capital stock
($250,000) thousand dollars, with the privilege to
increase the same by a vote of the stockholders, at a
special meeting to be called for that purpose, to two
million ($2,000,000) of dollars; and the corporators
or a majority of them named in this act shall have
power to open books for subscription, at such times
and places as they may deem expedient, and when	Open books.
not less than three thousand shares have been sub-
scribed, and when three thousand shares shall have
been subscribed and paid in, the stockholders may
elect six directors, to serve until the ensuing annual
election, or until their successors shall have been
duly elected and qualified; and the directors so elect-
ed of said company, when it shall have organized,
may and they are hereby authorized and empowered
to have and to exercise in the name and in behalf of	To have and exercise.
the company, all rights and privileges which are
hereby intended to be given ; and should the capital
stock be at any time increased as hereinafter pro-
vided, the stockholders at the time of such increase
shall be entitled to a pro-rata share of such increase
upon the payment of the par value of the same.
SEC. 5. And be it enacted, That the said company	To accept and
be and they are hereby authorized to accept and	execute
execute trusts of any and every description which
may be committed or transferred with their consent
to them by any person or persons whomsoever, bodies
corporate or public, or by any court in the State of
Maryland, or of the United States, and to accept the
office and appointment of executors or administrators