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CHAPTER 336.
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AN ACT to incorporate the builders' exchange of the city of Bal-
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timore.
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SECTION 1. Be it enacted by the General Assembly of Maryland,
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That Edward L. Bartlett, Hugh Sisson, John F. Adams, Benjamin
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F. Bennett, William Ferguson and all other persons comprising
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the builders exchange of the city of Baltimore, and their suc-
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sessors are hereby created a body politic and corporate under the
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name and style of the "Builders' exchange of Baltimore city," and
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To incor-
porate.
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by that name may sue and be sued, implead and be impleaded,
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receive and hold property and effects, real and personal by gift,
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devise or purchase and dispose of same or any part thereof, by
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sale, lease or otherwise, said property so held not to exceed at
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any time the sum of eight hundred thousand dollars ($800,000),
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may have a common seal and alter the same from time to time,
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and they may make such rules, regulations and by-laws from time
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to time as they may think proper or necessary for the government
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of the corporation hereby created and not contrary to the laws
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of this State or of the United States.
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SEC. 2 And be it enacted, That the rules, regulations and by-
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laws of the said builders' exchange of Baltimore city shall be the
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rules for the government of the body hereby created until the
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By-laws
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same shall be regularly repealed or altered; and that the present
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&c.
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officers of the said builders' exchange of Baltimore city shall be
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the officers of the body hereby created until the regular time for
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the election of officers as prescribed by the by-laws of the new
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organization and their qualification for office.
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SEC. 3. And be it enacted, That the property, affairs, business
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and concerns of the corporation hereby created shall be managed
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by a president, three vice-presidents, a treasurer and secretary and
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a board of directors, consisting of twelve members of the asso-
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ciation, to be elected annually at such time and place as may be
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Officers.
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provided for in the by-laws, whose duties shall be respectively
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prescribed by the by-laws of the corporation; all vacancies which
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may occur in the said board by death, resignation or otherwise
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shall be filled by the said board, a majority of the members of such
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board shall constitute a quorum for the transaction of business.
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SEC. 4. And be it enacted, That said corporation shall have the
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power to prescribe and regulate, by such by-laws as it may see fit
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to adopt the qualifications of its members, and all matter and
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