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ROBERT M. McLANE, ESQUIRE, GOVERNOR.
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493
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Chapter 306.
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AN ACT to incorporate the " Worcester Citizens
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Bank," in Snow Hill, Worcester county, Maryland.
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SECTION 1. Be it enacted by the General Assembly
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of Maryland, That Lovi A. Purnell, George W. Cov-
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ington, Ladok F. Wharton, John W. Smith, George
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W. Bishop, George M. Upshur, John A. Herrman, B.
Jones Taylor, Thomas M. Purnell and Clayton J.
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Constituted a
body corporate.
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Purnellj and their successors in office, be and they are
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hereby constituted and made a body corporate and
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politic, under the name and style of " Worcester Citi-
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zens Bank."
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SEC. 2. And be it enacted, That said corporation,
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under the above name and style, is hereby made able
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and capable in law to sue and bo sued, plead and be
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impleaded, answer and be answered, defend and be
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Powers of cor-
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defended in courts of record or any other place whatso-
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poration.
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ever; to make, have and use a common seal, and the
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same to break, alter and renew at their pleasure, and
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generally to do and execute all and singular such acts,
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matters and things as a corporation or body politic
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may and can lawfully execute.
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SEC. 3. And be it enacted, That the capital stock of
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the "Worcester Citizens Bank," intended to be created
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by this act, shall be fifty thousand dollars, in shares of
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fifty dollars each; five dollars shall be paid on each
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share of the stock at the time of subscribing, and the
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remainder as the board of directors may determine
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Capital stock.
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and require; and privilege is hereby given to said cor-
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poration to increase the capital stock to one hundred
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thousand dollars by new subscriptions, or by adding
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to the said capital, semi-annually, a portion of its net
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profits, not otherwise appropriated, whenever it shall
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be so determined by the board of directors.
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SEC. 4. And be it enacted, That the persons named
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in the first section of this act be and they are hereby
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appointed commissioners to receive subscriptions to
the capital stock of the said corporation, and they, or
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a majority of them, may cause books to be opened at
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Cause books to
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such times and places as they may direct, for the pur-
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be opened.
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pose of receiving such subscriptions, and may keep the
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same open until the whole number of shares, amount-
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ing to the said sum of fifty thousand dollars, shall be
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