840

STATE OF MARYLAND.

CHAP 585.

CHAPTER 585.

AN ACT to incorporate the Hyattsville Loan and Trust Com-
pany of Maryland.

Body
corporate.

SECTION 1. And be it enacted by the General Assembly of
Maryland, That Charles A. Wells, C. Frank Carr, Francii
Gasch, J. Harris Rogers, William P...Magruder and C. A. M.
Wells, and the subscribers to the stock of the corporation
hereby created, and their successors and assigns, be and are
hereby created a body corporate by the name of the "Hyatts-
ville Loan and Trust Company of Maryland," and by that
name shall have perpetual succession, and shall be competent
to sne and be sued in any Court of Law or Equity whatsoever ;
to have and to use a common seal, and to alter the same at its
pleasure ; and to make and adopt a constitution and by-laws
for the government of said body corporate and its officers,
agents and employes, and from time to time to amend the
same; provided such constitution, by-laws or amendments
thereto shall not conflict with the constitution and laws of this
State or of the United States ; to elect or appoint directors and
officers, and generally to do, execute and enforce all and
singular such acts, contracts, matters and things as may he
necessary to carry out the objects and purposes, and to protect
the interests of said body corporate, and to exercise the power
or powers by this Act conferred upon it.

Capital stock ,
with
privilege to
increase
same.

SEC. 2. And be it further enacted. That the capital stock of
said body corporate shall consist of one thousand shares of the
par value of ten dollars each, and when the par value of any
share shall have been fully paid, the same shall thereupon
become non-assessable and non-liable for or on account of any
purpose whatsoever ; and said body corporate shall have the
right to increase its capital stock from time to time by a vote
of the stockholders at a special meeting or meetings to be
called and held for that purpose to any sum or sums not
exceeding twenty-five thousand dollars; the said body corpo-
rate shall not, however, begin the prosecution of any business
under its charter until its said stock to the amount of four
thousand dollars, which may be payable in such instalments
as the directors of said corporation may stipulate, shall have
been subscribed and paid for in cash.

Authority to
purchase,
hold and sel
property,
etc.

SEC. 3. And be it further enacted, That the said body cor-
porate shall have the right to purchase and hold, bargain and
sell, grant, assign and convey land or any interest or estate
therein, chattels, choses in action, checks, notes, bills receiva-
ble, bills payable, bills of exchange, due bills, certificates of
deposit, warehouse receipts, stocks, bonds, mortgages on real,