1835.

LAWS OP MARYLAND.

ment by oath or affirmation, that the facts therein set

CHAP. 317. Verify by oath

forth are true to the best of his knowledge and belief,

whereupon the said commissioners may receive his

subscription for as many shares in the capital stock

of the said bank as shall be equal in amount to the

cash value of the real estate ascertained as afore-

said.

Condition of in-

SEC. 4. And be it enacted, That as soon as twenty

corporation

thousand shares of said stock shall be subscribed, the

proprietors of said shares, their successors and as-

signs, shall be and they are hereby created, made and

declared to be a corporation and body politic, by the

Name

name and style of the Real Estate Bank of Baltimore,

Till 1856

and shall so continue until the end of the year eighteen

hundred and fifty six and the expiration of the first

session of the General Assembly, which shall be held

Powers

thereafter; and by that name shall be, and are hereby

made able and capable in law, to sue and be sued,

plead and be impleaded, answer and be answered, de-

fend and be defended, in courts of record, or any

place whatsoever, also, to make, have and use a com-

mon seal, and the same to break, alter and renew at

their [pleasure:] and to ordain, establish and put in exe-

cution such by-laws, ordinances and regulations, as

shall seem necessary and convenient for the govern-

ment of the said corporation, the same not being con-

trary to law, or the provisions of this act; and gener-

ally, to do and execute all and singular such acts,

matters and things as a corporation or body politic

may and can lawfully execute.

Meeting to organize

SEC. 5. And be it enacted, That at the expiration of

the time limited for keeping said books open, if the said

twenty thousand shares shall have been subscribed so

as to entitle the subscribers to said act of incorpora-

tion, the said commissioners, or a majority of them,

shall call a general meeting of the stockholders at such

time and place as they may appoint for the purpose of

electing twelve directors, to manage the affairs of the

Each share, one vote

bank for one year, and upon said election and on all

other elections or occasions wherein a vote of the stock-

holders is to be taken, each share shall be entitled to

one vote which may be given in person or by proxy;