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EDWIN WARFIELD, ESQ., GOVERNOR.
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779
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enlarged and its charter amended, name changed, so as to
enable the said bank to engage and carry on and conduct in
said county a general banking business,
SECTION 1. Be it enacted by the General Assembly of Mary-
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CHAP. 424
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land, That the Citizens' Savings Bank of Saint Michaels,
Talbot county, a corporation duly formed under the provis-
ions of the Code of Public General Laws of this State, title
"Corporations," be and the same is hereby amended as
follows :
SEC. 2. And be it enacted, That the name of the Citizens'
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Amendment.
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Savings Bank of Saint Michaels, Talbot county be and the
same is hereby changed from the Citizens' Savings Bank
of Saint Michael's, Talbot county, to "The Citizens' Bank
of Saint Michaels," Maryland, and in addition to the power
possessed by it under its certificate of incorporation,
which are hereby ratified and confirmed, shall have and
possess the further rights, privileges and franchises particu-
larly mentioned in this Act, and by such last name and style
shall have perpetual succession, to sue and be sued, and to
plead and be impleaded in any court whatever, to make and
use a common seal, and to alter and renew the same at its
pleasure.
SEC. 3. And be it further enacted, That the number of
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Name
changed .
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directors of said Citizens' Bank of Saint Michaels, Maryland,
may be increased from five, the number stated in the certifi-
cate of incorporation of the said bank, to twelve, and that the
said five directors shall have the power to elect the additional
seven directors, who shall be stockholders in said bank
required to fill up the said board of twelve directors; and
the said twelve directors shall serve as the directors of the
said Citizens' Bank of Saint Michaels, Maryland, until the
second Monday in January, 1907, or until their successors
are duly elected and qualified.
SEC. 4. And be it further enacted, That the directors of said
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Directors
may be
increased.
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Citizens' Bank of Saint Michaels, Maryland, may by a three-
fourths of the vote of all the directors, decrease the number
of directors of said bank to any number they may decide ;
provided, that the said board of directors shall not at any
time be less than nine, and that when the said board of
directors is decreased in number the same shall not take
effect until the next succeeding annual election by the stock-
holders for directors.
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Directors may
be increased.
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