FRANK BROWN, ESQUIRE, GOVERNOR.

439

CHAPTER 314.

AN ACT to incorporate the Patapsco Title Company of

Baltimore City, Maryland.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That James S. Calwell, Milton W. Andoun,

Incor-

Harry E. Mann, Harry M. Benzinger and Thomas Calwell,

porated.

of Baltimore city, Maryland, and the subscribers to the

stock of the corporation hereby created, and their successors

and assigns, be and they are hereby created a body cor-

porate by the name of the "Patapsco Title Company of

Baltimore City, Maryland," and by that name shall have

succession, and shall be capable in law to receive, hold and

dispose of property, to sue and be sued, implead and be

impleaded, in any court of law or equity; to make, have

and use a common seal, and the same to break, alter and

renew at its pleasure, to make by-laws for the government

of said body corporate and its officers ; provided, the same

shall not conflict with the constitution and the laws of this

State, or of the United States, and generally to do and

execute all and singular such acts, matters and things as

may be necessary to carry out the objects of said body

corporate.

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

body corporate shall consist of five hundred shares of the

Capital
stock.

par value of fifty dollars each, which may be increased

from time to time to a sum not exceeding one million dollars,

as the total capital of such company by a vote of the stock-

holders thereof ; and such stock may be subscribed and paid

for in such manner and at such times as its by-laws

may provide.

SEC. 3. Ana be it enacted, That the persons named in the

first section of this act be and they are hereby appointed

Subscrip-
tions to

commissioners to receive subscriptions to the capital stock

stock.

of said body corporate, and they may, should they see fit,

cause books to be opened at such time and place as they

may direct for the purpose of receiving such subscriptions,

and may keep the same open until the whole number of

shares mentioned shall be subscribed for, but when ten (10)

thousand dollars of stock shall have been subscribed for,

then the subscribers may proceed to organize and proceed

in all things according to this charter.

SEC. 4. And be it enacted, That the affairs of said cor-

poration shall be managed by a board of five or more

Directors.

directors, a majority of whom shall be a quorum, who shall

be elected by the stockholders, immediately after, the