738

LAWS OF MARYLAND.

Appropria-
tion.

authorized and directed to pay to William G. Daugherty, trus-
tee, of Elizabeth McClelland, the said sum of three hundred
dollars, under the call for the redemption of said debt. Pro-
vided, however, that the said William G. Daugherty, as such
trustee, shall satisfy the Comptroller and Treasurer of the
truth of the facts set forth in the preamble of this act; and
provided further, that a good and sufficient bond of indem-
nity be executed to the State, to indemnify it against any loss
an the premises, or any proper claim that may hereafter be
brought forward by a bona fide holder of said certificate.

Effective.

SEC. 2. Be it enacted, That this act shall take effect
from the date of its passage.

Approved April 4, 1896.

CHAPTER 425.

AN ACT to incorporate the Equitable Trust and Guarantee
Company of Baltimore city.

A body cor-
porate.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That George B. Baker, William M. Powell, Robert H.
Smith, Arthur D. Foster, John Wilson, Harry G. Evans, A.
T. Clabaugh, John F. Sippel, John Hiltz, George M. Lamb,
John G. Drakeley and Frank B. Culver and their associates
and successors, and all such other persons as shall hereafter
become stockholders in the company incorporated, shall be and
they are hereby constituted a body politic and corporate by the
name and style of the "Equitable Trurt and Guarantee Com-
pany of Baltimore city," and by that name shall have perpet-
ual succession and be capable in law to acquire and hold, and
in anywise dispose of property, and to sue and be sued, plead
and be impleaded in any court whatever, to make and use a
common seal, and to alter the same at pleasure, and generally
to do everything proper to carry into effect the provisions of
this act, or to promote the objects and designs of the company
hereby incorporated.

Directors and
officers.

SEC. 2. And be it further enacted, That Hie affairs of the
said corporation shall be managed by twelve directors, who are
to be elected on the second Tuesday in the month of January,
by the stockholders, and that the first directors of said corpo-
ration shall be the persons named in the first section of this
act, who shall serve until the ensuing annual election, or until