42

LAWS OF MARYLAND.

said company from twelve (12) to twenty-five (25), and
increasing the capital stock of said company from five hun-
dred thousand dollars to one million dollars, and changing
the name of said corporation to the "American Bonding and
Trust Company of Baltimore City."

Repeal.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That sections 2 and 7 of chapter »252 of the acts of
1894, entitled "an Act to incorporate the American Banking
and Trust Company of Baltimore city," be and the same are
hereby repealed and re-enacted with amendments so as to read
as follows:

Capital stock

2. The capital stock of said company shall consist of ten
thousand (10,000) shares of the par value of fifty ($50) dollars
each, aggregating five hundred thousand ($500,000) dollars,
with the privilege to the said corporation to increase the same,
from time to time, to one million dollars, in shares of the par
value of fifty dollars ($50), by a vote of the stockholders at a
special meeting or at a meeting to be called for that purpose ;
and the directors, or a majority of them, shall have power to
open books for subscription at such times and places as they
may deem expedient, and the stockholders may elect twenty-
five directors to serve until the next annual meeting or until
their successors have been duly elected and qualified. And
the directors, so elected by said company and their successors,
are hereby authorized and empowered to enjoy and exercise all
rights and privileges conferred upon them in the charter of
said company and any amendments to the same; and whenever
the capital stock shall be at any time increased, the stock-
holders at the time of such increase shall be entitled to sab-
scribe to a pro rata proportion of such increase on the pay-
ment of the price that may be fixed by the board of directors.

Powers of
company.

7. The said company shall be and is hereby authorized and
empowered to insure the fidelity of persons holding places of
trust or responsibility to or under any State, county, city, cor-
poration, company, person or persona whatsoever, to become
security for the faithful performance of any trust, office, duty,
contract or agreement, and to supersede any judgment, or to
go upon any appeal or other bond; and it is further author-
ized to become sole surety in all cases where, by law, two or
more sureties are required; and it shall and may be lawful for
any court, register, clerk or other officer to approve said com-
pany as sole surety in all such cases; but in such cases the
officers and affairs of said company may be subject to an