96

LAWS OF MARYLAND.

poration, and that the present officers and governors

of the said Young Men's Republican Club of Balti-

more city shall be the officers and governors of the

said corporation, hereby created, until the regular

times for the election of officers and governors as

prescribed by its constitution and laws, and their qual-

ification for office.

SEC. 3. And be it enacted, That the said corpora-

tion shall have the power of receiving subscriptions,

donations, devises and bequests of money, or real or

Powers of cor-

persona] property, in trust or otherwise, and of pur-

poration.

chasing or otherwise acquiring and holding such

property, to be applied by it to the objects of its in-

corporation, not to exceed the sum of ten thousand

dollars.

SEC 4. And be it enacted, That this -act shall take

Effective.

effect immediately from and after its passage.

Approved March 20, 1884.

ClisspJer 61.

AN ACT to incorporate the Baltimoie Petroleum

Exchange.

SECTION 1. Be it enacted by the General Assembly

of Maryland, That A. W. Boswick, Walter DeC.

Poultney, J. Kemp Bartlett, Samuel Childs and W.

Treated a body

T. Adams, their successors and assigns, be and are

corporate.

hereby authorized to act, as body corporate under the

name of the Baltimore Petroleum Exchange [and

the members of the association known as the Balti-

more Petroleum Exchange], and all other persons who

may hereafter become associated with them under the

provisions of this act, are hereby created a body cor-

porate under and by the name of the Baltimore Petro-

leum Exchange, with perpetual successions, and power

to use a common seal, and alter the same at pleasure ;

Hold real and
personal prop-

to sue and be sued; to take and hold, by grant, pur-

erty.

chase and devise, real and personal property to an

amount not exceeding one million dollars, for the

purposes of said Baltimore Petroleum Exchange, and