ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

757

company of Harford county, a corporation duly chartered under
the general incorporation law of this State, be and the same is

hereby changed to that of the Harford trust company, by which

Change
name.

latter name it shall be known after the passage of this act and

the acceptance thereof by said company.

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

pany, be and the same is hereby reduced from two thousand

shares of the par value of fifty dollars each to one thousand

shares of the par value of fifty dollars each; and that the capital

stock of said company may be increased from time to time from

one thousand shares of the par value of fifty dollars each to any

amount not exceeding ten thousand shares of the par value of fifty

dollars each, by a vote of the stockholders at an annual meeting

Capital

or a special meeting to be called for that purpose, and the said

stock.

company is hereby authorized to begin business when at least

fifty thousand dollars of said capital stock shall have been sub-

scribed, and one-half of the amount so subscribed shall have been

paid up in cash, the balance so subscribed to be payable in five

equal monthly instalments from the date of beginning business

as aforesaid, and when ten per centum of said stock so subscribed

shall have baen paid in cash, and not before, the stockholders

may elect seven directors from amongst themselves to hold until

the ensuing annual meeting or until their successors shall be

duly elected and qualified, but no stockholder shall be elected a

director unles he is a bona fide owner of at least twenty shares of

said capital stock, and the said directors are hereby authorized

and empowered to have and to exercise in the name and on

behalf of said company all rights and privileges conferred to its

original charter and hereby intended to be given; and should the

capital stock be at any time increased the stockholders at such

time shall be entitled to a pro rata share of such increase upon

the payment of the par value of the same.

SEC. 3. And be it further enacted, That in addition to the

powers conferred upon said company by its act of incorporation

under the general laws of this State, the directors of said com-

pany are hereby authorized to exercise the following powers for

and on behalf of said company and in its name: first, to take,

accept and execute any and all trusts or powers of whatsoever

Powers

kind, or howsoever created, which may or can be taken, accepted

or executed by any natural person or persons; second, to act as

executor, administrator, guardian, committee, receiver or assignee

in whatsoever manner appointed; third, to act as a fiscal, trans-

fer or general agent for any person, corporation or body politic,

as fully as a natural person can act; fourth, to receive any per-

sonal estate or property on storage or safe deposit upon such

terms or rates of charge as may be agreed upon; fifth, to pur-

chase, invest in and sell any kind of property, real, personal or