624

LAWS OF MARYLAND.

cation in at least two daily papers published in Bal-

timore city, the following provisions shall thence-

forth be severally in full force, and shall form part

of the charter of said company :

SEC. 2. And be it enacted, That the name of the

Name changed

said corporation shall be changed to the Monu-

mental Banking and Insurance Company of Balti-

more; and by the said new name it shall have,

exercise and possess all and singular the franchises,

Corporate

rights, corporate powers and duties heretofore ap-

powers.

pertaining to the corporation; and shall hold its

property, and may convey the same, notwithstanding

such change of name, and shall have all the rights

and remedies, and be subject to all the liabilities of

said corporation; and that all suits by and against

said corporation may be proceeded with until final

judgment and satisfaction under said former name.

SEC. 3, And be it enacted, That said corporation

shall, in additional to the powers now possessed by

it, be capable in law to receive deposits of money

with or without the allowance of interest to be agreed

Receive de-
posits.

upon, and to deal in bullion, bills of exchange,

promissory notes, bonds, mortgages, securities and

stocks, including its own capital stock; but it shall

not have power to issue any note or other evidence

to be used as currency.

SEC. 4. And be it enacted, That the number of

Directors re-
duced.

the directors to manage the affairs of the said cor-

poration is hereby reduced from twelve to five.

SEC. 5. And be it enacted, That each stockholder

shall be liable to the amount of his or her share or

Liability of

shares of stock for all the debts and liabilities of the

stockholders.

said corporation, and its books, papers and accounts

shall be open to inspection under such regulations

as may be prescribed by law.

SEC. 6. And be it enacted, That a copy of the said

resolution of acceptance, attested under the corporate

seal of the corporation, shall be lodged with the

What shall be

Secretary of State within sixty days after the pas-

evidence.

sage thereof, and a copy of the same duly attested

by the Secretary of State, under the great seal of

the State, shall be evidence in all courts of law or

equity of the due acceptance of this act.

SEC. 7. And be it enacted, That this act shall

Effective.

take effect from its passage.

Approved May 31, 1882.