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Session Laws, 1835
Volume 214, Page 459   View pdf image (33K)
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1835.

LAWS OF MARYLAND.
 

and shall also file with said resolution, a statement

CHAP. 313.

of its affairs, shewing that it had fulfilled all of its

Charter changed

obligations, and is free from debt: the estate of the

 

said company, shall become the property, and at its

 

actual cask value shall be deemed part oi' the capital

 

of the Chesapeake Bank hereby incorporated, or in-

 

tended to be; and for the sum of said value, as near-

 

ly as may be, shares of stock in the said bank shall

 

vest in and be allotted to the proprietors of the

 

said company, severally and ratcably, according to

 

their respective interests in its estate; and the pre-

 

sident and directors of said bank shall distribute

 

rateably amongst and pay to the said proprietors

 

the excess of said estate, over the par value of the

 

shares which shall have been allotted as aforesaid:

 

and so soon as the resolution and statement afore-

 

mentioned shall have been filed as is herein before pro-

 

vided, the rights of action of the said company shall

 

become and be, without any interruption, diminution or

 

enlargement, the rights of the said hank; and the char-

 

ter of the said company shall thereupon cease to be in

 

force, and be considered as having been surrendered,

 

and thereby made utterly null and void.

Incorporated

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

 

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 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

Bill 1836

the Chesapeake Bank, and shall so continue 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 he held thereafter, and by

 

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

 

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

By-laws

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

 

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



 

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Session Laws, 1835
Volume 214, Page 459   View pdf image (33K)
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