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LAWS OF MARYLAND.
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Chapter 517.
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AN ACT to incorporate the Mercantile Trust and
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Deposit Company of Baltimore.
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SECTION 1. Be it enacted by the General Assembly
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of Maryland, That Enoch Pratt, W. W. Spence,
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Christian Devries, C. Morton Stewart, Charles D.
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Fisher, George P. Thomas, Stewart Brown, Louis C.
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Fischer and John Gill, and all other persons who
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Created a body
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shall hereafter become stockholders in the company
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corporate.
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hereby incorporated, shall be a body corporate by the
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name and style of the Mercantile Trust and Deposit
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Company of Baltimore, and by that name shall have
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perpetual succession, and sue and be sued in any court
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whatever.
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SEC. 2. And be it enacted, That the capital stock
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Capital stock.
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of said company shall consist of ten thousand shares
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at fifty dollars each, being five hundred thousand dol-
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lars, with the privilege to increase the same by a vote
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of the stockholders, at a special meeting to be called
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for that purpose, to two millions of dollars; and the
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Who to open
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incorporators, or a majority of them, named in this
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books.
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act, shall have power to open books for subscription
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at such times and places as they may deem expedient ;
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and when not less than five thousand shares have
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been subscribed, and when fifty per centum thereon
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has been paid in, the stockholders may elect seven or
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Elect directors
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more directors, to serve until the ensuing annual elec-
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tion, or until their successors have been duly elected
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and qualified; and the directors so elected of said
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company, when it shall have been organized, may,
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and they are hereby authorized and empowered, to
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have and to exercise, in the name and in behalf of the
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company, all rights and privileges which are intended
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to be hereby given; and should the capital stock be
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at any time increased, the stockholders at the time
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of such increase shall be entitled to a pro rata share
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of such increase upon the payment of the par value of
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the same.
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SEC. 3. And be it enacted, That the directors shall be
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elected annually by the stockholders on the second
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