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CHAP. 33.
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any Court of Law or Equity, to make and use a common seal
and alter the same at pleasure, to receive and make deeds and
contracts, to borrow money in such sums and at such times
and on such terms as it may deem necessary for the .proper
transaction of the business hereby authorized, and to issue and
dispose of the bonds or other evidences of indebtedness for
any amount or amounts so borrowed, not exceeding its author-
ized capital stock, and to mortgage its corporate property and
franchises to secure the payment of any indebtedness so con-
tracted by it ; it shall have power to receive for payment for
any subscription to its capita! stock any property necessary or
convenient for its purpose at such prices as may be agreed
upon between the owners thereof and the directors of this
association ; to acquire, by purchase or other manner to take,
receive, hold, use, employ, manage, mortgage or dispose of in
any manner not inconsistent with law, and deal with any
property, real, personal or mixed, and situate in or out of
the State, which may be necessary or proper to enable the
said corporation to carry on its operations or fulfil the pur-
poses named in this Act; and generally to do every other
thing or act not inconsistent with law, which may be neces-
sary or proper to promote the objects, designs and purposes
for which this corporation is formed, namely, viz : to assist
the United Singers of Baltimore in arranging and conducting
the twentieth triennial saengerfest or festival of song and
music of the Nord-et-Cest-Licher Saengerbund von Nord-
Amerika (Northeastern League of Singers of North America)
in the year nineteen hundred and three, and further by the
attraction of an exposition trade display, or the like, and by
entertainments and diversions, bring to the city of Baltimore
and State of Maryland, numerous visitors from all parts, of
the United States and the adjacent countries and territories,
and so make known to them the advantages and resources of
said city and State.
SEC. 2. And be it enacted. That the capital stock of said
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Capital stock.
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corporation shall be one thousand dollars, divided into one
hundred shares of ten dollars each ; which said capital stock
may be increased by the directors to an amount not exceeding
one hundred thousand dollars.
SEC 3. And, be it enacted, That the persons herein before,
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Board of
directors.
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named as, incorporators shall constitute the board of directors
of said association and. shall manage the affairs, for the first
three years; they shall have the power to till all vacancies
that may occur during said term and increase the number of
directors to a number not exceeding twenty-five; the principal
office shall be in Baltimore city, where books may be opened
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