100 BANKS. [ART. 11

commissioners, with authority to establish a banking institution
in their present locality, or any other within the State, and
under their present style, so modified, however, by omitting the
word "National" where now existing, as to represent a State
institution, ond, when deemed necessary or advisable, to adopt a.
new style altogether.

1870, ch. 206, sec. 3.

18. The said institution, under the name and style adopted, is.
hereby made able and capable in law to sue and be sued, plead
and be impleaded, answer and be answered, defend and be
defended, in courts of record or any other place whatsoever; to
make, have and use a common seal, and the same to break, alter-
and renew, at its pleasure, and generally to do and execute all
and singular such acts, matters and things as a corporation or
body politic may and can lawfully execute.

Ibid. sec. 3.

19. The capital stock of said corporation, when located in the
city of Baltimore, shall consist of not less than three hundred
thousand dollars, divided into shares of one hundred dollars each,
with the privilege of so increasing from time to time the number
of shares to in all twenty thousand, thus making the entire
capital stock two million dollars; and when three hundred
thousand dollars of said capital stock shall have been full paid, in
the lawful money of the United States, and shall be so certified
by a majority of the said commissioners or directors, to the
treasurer and comptroller of the State, and a certificate of their
organization be transmitted to the clerk of the court of appeals,
to be by him recorded among the records of his office, and not.
before, shall such corporation be entitled to all the benefits and.
privileges herein conferred or intended to be conferred.

Ibid. sec. 4.

20. The capital stock of said corporation, when located
elsewhere than in the city of Baltimore, shall consist of not
less than fifty thousand dollars, divided into shares of one
hundred dollars each, with the privilege of so increasing, from
time to time, the number of shares to in all five thousand, thus