WM T. HAMILTON, ESQUIRE, GOVERNOR.

381

Chapter 246.

AN ACT to incorporate the " Lake View Land

and Banking Association."

SECTION 1. Be it enacted by the General Assembly

of Maryland, That H. Wheeler Combs, Joseph C.

Alderson, Joseph F. Paul, D. Edward Stalnaker,

Alfred Paul and Thomas J. Peddicord, their sur-

vivors and successors in office, be and they are

hereby constituted and made a body corporate and

Body corpo-
rate.

politic under the name and style of the " Lake

View Land and Banking Association," and by

that name shall have perpetual succession and be

capable in law, by its corporate name, to purchase,

improve, lease, hold and dispose of property, real

and personal; to borrow and lend money, and to

make advances upon lands and buildings, and to

give and receive security of whatsoever descrip-

tion for loans made to or by said corporation; to

sue and be sued; plead and be impleaded; to

Sue and be

answer and defend and be answered and defended

sued.

in courts of law and equity or in any other place

whatever, and to receive and make all deeds, trans-

fers, covenants, agreements, contracts, convey-

ances and grants whatever; and to make, have and

use a common seal, and the same to change and

renew at pleasure, and generally to do every other

act or thing necessary to carry into effect the pro-

visions of this act and to promote the designs of

said corporation; and to make by-laws for the or

ganization of said association so that the same be

Make by law.

not contrary to the laws of this State or of the

United States; and may have, employ and exercise

all the powers necessary to carry out the purposes

of a land and banking association.

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

of the said corporation shall be thirty thousand

dollars, with liberty to increase the same to fifty

Capital stock.

thousand dollars, to be procured in the manner

hereinafter provided; and said capital stock shall

be divided into shares of one hundred dollars each.

SEC. 3. And be it enacted, That the persons named

in the first section of this act be and the same are