802

LAWS OF MARYLAND.

CHAP. 440

SEC. 2. And be it farther enacted, That this Act shall take
effect from the date of its passage.

Approved April 3, 1906.

CHAPTER 441.
AN ACT to incorporate the Audit Company of Maryland.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That William J. Vance, J. S. Jones, Charles E. Wolf,

Body
corporate.

Philip F. McGreevy, Henry H. Sinclair, Wm. T. Dietrich
and James Rittenhouse, 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
name of the "Audit Company of Maryland," and by that
name shall have perpetual succession, and shall be compe-
tent to sue and be sued in any court of law or equity what-
soever, 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 amend
the same; provided, such constitution, by-laws or amend-
ments thereto shall not conflict with the constitution or 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 be necessary to carry out the objects and purposes to
protect the interests of said body corporate, and to exercise
the power or powers by this Act conferred upon it; the

Location of
office.

main office of this corporation shall be located in Baltimore
city, Maryland, with the right, however, to establish such
branch offices or agencies elsewhere as may be necessary for
the proper handling of its business.

SEC. 2. And be it further enacted, That the capital stock of
said body corporate shall consist of one hundred shares of

Capital stock.

the par value of twenty-five dollars each; which said stock
may be in whole common stock or partly common and partly
preferred stock, and in such proportions as the said corpo-
ration may from time to time determine, and with the priv-
ilege of increasing the same from time to time to such an
amount as the stockholders may from time to time deem
needful by a vote of the holders of a majority of the stock