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Supplement to the Maryland Code, 1862
Volume 381, Volume 2, Page 44   View pdf image (33K)
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44 PRIVATE ACTS — CHARTERS.

SEC. 2. And be it enacted, That all lands and tenements, with their
appurtenances, vested in the Trustees for the use of the said church,
and all other property of the said church, shall be and are hereby abso-
lutely and unconditionally vested in the said body corporate, and their
successors, forever; and the said corporation shall be and they are
hereby declared to be capable, as a corporate body, of bargaining and
selling, leasing and conveying any part of their said property now held,
or any other property which may hereafter be acquired by the said cor-
poration, in as full and effectual a manner as any person or body cor-
porate may or can do.

SEC. 3. And be it enacted, That acts or deeds of the said corpora-
tion shall be signed by. the Trustees, in behalf of the corporation, and
sealed with their corporate seal, and all deeds by them made for the
conveyance of lands and tenements of the corporation, which, by the
law of the State, ought to be acknowledged and recorded, shall be
signed and sealed, as aforesaid, and shall also be acknowledged, in due
form, by the trustees as such, in behalf of the corporation; and all acts
or deeds of the said body corporate, so authenticated, shall be valid
and effectual in law.

SEC. 4. And be it enacted, That the said corporation shall be
capable of purchasing hereafter real and personal property, not ex-
ceeding in value the sum of twenty thousand dollars.

SEC. S. And be it enacted, That this act shall take effect from the
date of its passage.

HAGERSTOWN SAVINGS BANK.

AN ACT to authorize and empower the Hagerstown Savings Bank to retire or cancel
a portion of capital stock.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the Hagerstown Savings Bank be, and is hereby authorized and
empowered, to cancel or retire so much of its capital stock as it now
holds, and which has been received by it, in payment of debts due to it.

SEC. 2. And be it enacted, That from time to time, as said bank may
be compelled to take its stock in payment of debts due to it, the said
privilege shall continue, provided that its capital stock shall not in this
mode be reduced below fifty thousand dollars; and provided also, that
nothing herein contained shall impair its right to reissue said stock as a
part of its capital, authorized by its original charter; and provided,
that upon the reissue of said stock, the President of said bank shall
notify the County Commissioners of Washington county of said reissue.

SEC 3. And be it enacted, That this act shall take effect from the
date of its passage.

 

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Supplement to the Maryland Code, 1862
Volume 381, Volume 2, Page 44   View pdf image (33K)
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