JOHN WALTER SMITH, ESQ., GOVERNOR.

527

Bridge Banking and Trust Company, and by that name 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 do everything proper
to carry into effect the provisions of this Act, or to promote
the objects and designs of the company hereby incorporated.

CHAP. 369.

SEC. 2. And be it enacted, That the principal office of said
corporation shall be located in Union Bridge, Carroll county,
State of Maryland.

Location.

SEC. 3. And be it enacted, That the capital stock of said
company shall consist of four hundred shares at one hundred
dollars each, being forty thousand dollars, with the privilege
to increase the same, from time to time, up to the sum of one
hundred thousand dollars, by a majority vote of the stock-
holders at a special meeting or meetings to be called for the
purpose. And the incorporators, or a majority of them,
named in this Act, shall have power to open books for sub-
scription at such time and place as they may deem expedient,
and when said four hundred shares have been subscribed, and
when fifty per cent, thereon has been paid in the stockholders
may organize and elect not less than tive directors, nor more
than twelve, to serve until the ensuing annual election, or
until their successors have been duly elected and qualified.
And the directors so elected of said company, when it shall

Capital stock.

have been organized, as hereinbefore stated, may and they are
hereby authorized and empowered to have and to exercise, in
the name and in behalf of the company, all rights and priv-
ileges which are intended to be hereby given, and should the
capital stock be at any time increased, the stockholders, at the
time of such increase, shall be entitled to a pro rata share of
such increase upon the payment of the value of the same.
SEC. 4. And be it enacted, That the directors shall be

Directors
elected.

elected annually by the stockholders on the second Monday of
March, and they shall elect from their number at the first
meeting of the board after their election, and after all subse-
quent elections, a president and one or more vice-presidents,
and shall have power to elect a secretary and to appoint and
employ such other officers and agents as the business of said
corporation from time to time requires ; all elections shall be
by ballot, each share of stock being entitled to one vote, and
at such elections, and at all meetings of stockholders, every
stockholder shall be entitled to one vote for every share of
stock held by him ; but no person shall be eligible as a
director who is not a stockholder to the amount of ten shares
of stock.

President
and other
officers
elected.