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rated in the year 1906, and existing under the general
incorporation laws of the State of Maryland, in addition to
the powers possessed by it under its certificate of incorpora-
tion, which powers are hereby ratified and confirmed, shall
be authorized and empowered to increase the number of its
directors from twelve to twenty-five; and the thirteen addi-
tional directors herein provided for who shall first hold
office, shall be elected" by a majority vote of the present
board of directors from among the incorporators and stock-
holders of said corporation, and the term of office of the
thirteen additional directors shall expire simultaneously
with the term of office of the present directors, and there-
after the whole board of directors, consisting of twenty-five
members, shall be chosen by vote of the stockholders of
said corporation.
SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 3, 1906.
CHAPTER 534.
AN ACT to provide that a power to sell, mortgage, lease or
otherwise dispose of real or personal estate, contained in
any will hereafter probated, or in any deed or other instru-
ment hereafter executed, shall be construed to be appurte-
nant to the fiduciary office unless a contrary intention is
expressly declared.
SECTION 1. Be it enacted by the General Assembly of Mary-
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CHAP. 633
Number of
stockholders
Increased.
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land, That whenever by any will hereafter probated or by
any deed or other instrument hereafter executed a power to
sell, mortgage, lease or otherwise dispose of real or personal
estate shall be given to any one or more trustees, executors
or other fiduciary officers, such power, whether discretionary
or otherwise, shall be construed to be appurtenant to the
fiduciary office and shall pass to and be exercisable by any
surviving trustees, executor or other fiduciary, or by any
successor in the office however appointed, unless an intention
to the contrary is expressly declared in such will, deed or
other instrument.
SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 3, 1906.
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How
construed.
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