THOMAS W. VEAZET, ESQUIRE, GOVERNOR.

1835.

and what is the total amount of city and countytaxes

CHAP. 341.

charged upon the same, and he shall also set forth the

extent, nature and character of all liens, judgments,

mortgages or incumbrances thereon, and the fair and

jurst price thereof, upon a credit of one, two, and three

years, with interest, and shall verify such statement

by oath or affirmation, that the facts therein set forth,

are true to the best of his knowledge and belief, where-

Receive subscrip-

upon the said commissioners may receive his subscrip-

tions

tion for as many shares in the capita) stock of the said.

bank as shall be equal in amount to the estimated va-

lue of the said real estate ascertained as aforesaid.

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

Requisite shares

thousand shares of said stock shall he subscribed, the

for incorporation

proprietors of said shares, their successors and assigns,

shall be and they are hereby created, made and declar-

ed to be a corporation and body politic, by the name

and style of the Real Estate Bank of Frederick county,

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

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

Powers

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

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

fend and be defended, in courts of records or any place

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

and the same to break, alter and renew at their plea-

sure; 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 corporation, not being contrary to law or the pro-

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

and singular such acts, matters' and things as a corpo-

ration or body politic may and can lawfully execute.

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

If subscribed, a

the time limited for keeping said books open, if the

meeting of stockholders

said five thousand shares shall have been subscribed,

so as to entitle the subscribers to said act of incorpo-

ration, 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

Elect directors

electing twelve directors to manage the affairs of the