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Session Laws, 1902 Session
Volume 476, Page 913   View pdf image (33K)
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JOHN WALTER SMITH, ESQ., GOVERNOR.

913

three per cent., payable annually, if demanded ; said mortgage
to be ratified by the trustees and stockholders of said college ;
and it is further provided, that before any of said sums shall
become payable by the said Stnte to the said college, said trus-
tees shall, at their own expense, cause an examination of the
title to be made by the Title Guarantee and Trust Company or
some competent attorney to be designated by the Attorney-
General, and upon the report of the persons or corporation so
examining to the Attorney-General, and his approval thereof,
that the title is good, that the said property is vested in said
college in its corporate capacity in fee-simple and free from in-
cumbrances, the money shall be paid by the fiscal officers of
the State at the time provided for in the Act, and not before.

CHAP. 625.

SEC. 8. And be it enacted, That this Act shall take effect
from the date of its passage, and the moneys appropriated for
educational and experimental purposes and purposes of repair,
shall be paid as hereinbefore provided, and the moneys appro-
priated for building purposes shall be paid as soon as the
mortgage hereinbefore provided for has been drawn, executed
and tendered to and approved by the Attorney-General ; and
in addition the private stockholders shall, at a called meeting,
assent to the lien created by section 7 of this Act, by resolu-
tion to be filed by them with the Secretary of State, which
said resolution, or a copy thereof, certified to by the register of
the college, shall be evidence of said acceptance.
Approved April 11, 1902.

CHAPTER 626.

AN ACT to Incorporate the Washington County Trust
Company.

When
effective etc.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Peter L. Snyder, Susan M. Suyder, Charles L.
Snyder, Wm. F. Snyder, Jesse O. Snyder, and their associates
and successors, and all such other persons as shall hereafter
become stockholders in the company hereby incorporated, shall
be and they are hereby constituted a body politic and corporate,
by the name and style of the "Washington County Trust Com-
pany," 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 to do everything proper to carry into effect the pro-
visions of this Act, or to promote the objects and designs of
the company hereby incorporated.

58

Body
corporate.



 
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Session Laws, 1902 Session
Volume 476, Page 913   View pdf image (33K)
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