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LAWS OF MARYLAND.

CHAPTER 257.

AN ACT to incorporate the Havre-de-Grace Savings

Bank, of Harford county.

SECTION 1. Be it enacted by the General Assem-

bly of Maryland, That Arthur Yosburg, Jesse

Hillis, R. R. Yandiver, Hollis Courtney, Jr., J.

Thomas Freeze, George T. Lyon, A. P. McCombs,

Joseph H. Carver, Edward Hall, J. M. Simmons,

Corporation
created.

Joseph Stevenson, and all and every other person or
persons hereinafter becoming members of the corpo-

ration hereby created, in the manner hereinafter

mentioned, shall be and are hereby created, consti-

Name and

tuted and made a corporation and body politic by
the name and style of the Havre-de-Grace Savings

style.

Bank, of Harford county, and by that name shall

have perpetual succession and be capable in all law

by its corporate name to purchase, improve, lease,

hold and dispose of property, real, personal and

mixed, to borrow and lend money, and to make ad-

vances upon lands and buildings, and to give and

Powers.

receive security of whatever description for loans

made to or by said corporation ; to sue and be sued,

plead and be impleaded, answer and defend and be

answered and defended, in courts of law and equity

or in any other place whatever, and to receive and

make all deeds, transfers, covenants, agreements,

contracts, conveyances and grants whatever, and to

make and have and use a common seal, and the

same to change and renew at pleasure, and gener-

ally to do every other act or thing necessary to carry

into effect the provisions of this act and to promote

Makeby-laws

the designs of said corporation, and to make by-laws

for the organization of said bank, so that the same

be not contrary to the laws of this State or of the

United States, and may have, enjoy and exercise all

the powers necessary to carry out the purpose of a

savings bank.

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

of the said corporation shall be ten thousand dollars,

Capital stock.

with liberty to increase the same to one hundred
thousand dollars, to be procured in the manner here-

inafter to be provided, and said capital stock shall

be divided into shares of fifty dollars each.