148

LAWS OF MAEYLAND.

Repeal.

Code of Public Local Laws of Maryland, entitled "Garrett county,"
sub-title "Witnesses," be and the same is hereby repealed.

Effective.

SEC. 2. And be it enacted, That this act shall take effect from

the date of its passage.

Approved March 21, 1890.

CHAPTER 145.

AN ACT to incorporate the Germania savings bank of Baltimore

city.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Henry Schmitz, Jacob Jung, John Kram, Frederick Keller,

August Hengemihle, Peter Dedio, Sebastian Helldorfer, Joseph

Schamberger, Henry A. Bosse, Frederick W. Bllinghaus, Charles

Milske and Frank J. Hess of Baltimore city, in the State of Mary-

Body cor-

land, and their successors in office, be and they are hereby consti-

porate.

tuted and made a body corporate and politic under the name and

style of the Germania savings bank of Baltimore city, and by that

name shall have perpetual succession and be capable in law to

hold and dispose of property; to sue and be sued in courts of law,

equity and any other place; to receive and make all deeds, trans-

fers, contracts and conveyances whatsoever; to have and use a

common seal and the same to change, alter and renew at pleasure,

and generally to do every other act or thing necessary to carry into

effect the provisions of this act or to promote the ob]ects or designs

of said corporation.

SEC. 2. And be it enacted, That the capital stock of the said

corporation intended to be created by this act shall be fifty thou-

Capital.

sand dollars in shares of twenty-five dollars each to be paid as

the stockholders may determine, and privilege is hereby given to
said corporation to increase the capital stock to one hundred and

fifty thousand dollars whenever it shall be determined by the board

of directors.

SEC. 3. And be it enacted, That the affairs of the said corpora-

tion shall be managed by twelve directors who are to be elected

annually in the month of January by the stockholders, and that

the first directors of the said corporation shall be the persons

named in the first section of this act, and who shall within thirty

Officers.

days from the date of this act, and annually thereafter, elect from

their number a president, vice-president, secretary and treasurer

and such other officers as they may sec fit; a majority of said di-

rectors shall form a quorum and be fully authorized for the trans-

action of any business, and said board of directors shall have full

power from time to time to make such by-laws, rules and regula-
tions as in their judgment they may deem necessary for the welfare