EDWIN WARFIELD, ESQ., GOVERNOR.

36&

SEC. 2. And be it further enacted, That this Act shall take
effect from the date of its passage.
Approved March 31, 1906.

CHAPTER 235.
AN ACT to incorporate The Traders Bank of Baltimore,
located in the City of Baltimore.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Clayton Cannon, David S. Briscoe, George W.

CHAP. 234

Moore, George J. Records, Henry P. Goldsborough and the
subscribers to the stock of the corporation hereby created,
and their successors and assigns, be and they are hereby
created a body corporate by the name of " The Traders
Bank of Baltimore," and by that name shall have perpetual
succession, and shall be competent to sue and be sued in
any court of law or equity whatever, to adopt and use a
corporate seal, to make and adopt by-laws for the govern-
ment of said corporation and its officers; provided, that the
same shall not be inconsistent with the laws of this State or
of the United States; to elect or appoint directors and
officers, and generally to execute and enforce all and singular
such acts, contracts, matters and things as may be necessary
to carry out the object and protect the interests of said
corporation.

SEC. 2. And be it enacted, That the capital stock of said
corporation shall consist of ten thousand shares of twenty-

Body corporate

five dollars each, and the said corporation is hereby author-
ized to begin business when stock to the amount of twenty-
five thousand dollars is subscribed and paid in, and said
stockholders shall be liable to the amount of their respective
shares of stock for all debts and liabilities of said corpora-
tion upon note, bill or otherwise.
SEC. 3. And be it enacted, That the said corporation is
hereby empowered to exercise, by its board of directors, or

Capital stock.

duly authorized officers or agents, all such incidental powers
as shall be necessary to carry on the business of banking,
by discounting and negotiating promissory notes, drafts,
bills of exchange and other evidences of debt, by receiving
deposits, by borrowing money, buying and selling exchange,
stocks, bonds, coin and bullion, and by lending money on
personal or other security.

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