THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1835.

become the property, and at its actual cash value shall

CHAP. 287.

be deemed part of the capital of. the Western Bank of

Appropriation of

Baltimore, hereby incorporated, or intended so to he;

stock

and for the sum of said value, as nearly as may be, shares

of stock in the said bank shall vest in and be allotted

to the proprietors of the said society, severally and

rateably, according to their respective interests in its

estate; and the president and directors of said bank

shall distribute rateably amongst and pay to the said

proprietors, the excess of said estate, over the par va-

lue of the shares which shall have been allotted as

aforesaid: and so soon as the resolution and statement

aforementioned shall have been filed as is herein before

provided, the rights of action of the said society shall

become and be, without any interruption, diminution or

enlargement, the rights of the said hank; and the charter

Charter changed

of the, said society shall thereupon cease to be in force,

and be considered as having been surrendered, and

thereby made utterly null and void.

SEC. 2. And be it enacted, That the persons who

Incorporated

shall be the proprietors of the shares of the capital

stock, that shall be allotted as is hereinbefore provi-

ded, and all and every other person or persons who

shall hold any of the capital stock, by this S act

authorised to be created, their successors and assigns,

shall be and they are hereby made and declared to be a

corporation and body politic, by the name and style of

the Western Bank of Baltimore, and shall so continue

Till 1835

until the end of the year eighteen hundred and fifty-

six, and the expiration of the first session of the Gene-

ral Assembly which shall be held thereafter, and by

that name, shall be and are hereby made able and capa-

Corporate powers

ble in law to sue and be sued, plead and be impleaded,

answer and be answered, defend and be defended, in

courts of record, or in any other place whatsoever;

also to make, have and use a common seal, and the

same to break, alter and renew at their pleasure; and

to ordain, establish and put in execution such by-laws,

ordinances and regulations, as shall seem necessary

and convenient for the government of the said corpora-

tion, the same not being contrary to law, or the pro-

visions of this act; and generally to do and execute all