956

LAWS OF MARYLAND.

CHAP. 488

corporation shall have the right, at any time, to increase its
capital stock to one million dollars or less, at the par value
of twenty-five dollars a share, and said stockholders shall be
liable to the amount of their respective shares of stock for
all debts and liabilities of said corporation upon note, bill or
otherwise.
SEC. 3. And be it enacted, That the said corporation is

Authorized to
exercise
certain
powers and
duties.

hereby empowered to exercise by its board of directors or
duly or 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, by buying and
selling exchange stocks, bonds, coins and bullion, and by
lending money on personal or other security.
SEC. 4. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 9, 1906.

CHAPTER 489.
AN ACT to repeal Chapter 429 of the Acts of the General
Assembly of Maryland, entitled "An Act to amend the
Charter and extend the powers of the Agricultural Fair
Association of Prince George's County."

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Chapter 429 of the Acts of the General Assembly

Repeal.

of Maryland of 1904, entitled " An Act to amend the charter
and extend the powers of the Agricultural Fair Association
of Prince George's County," be and the same is hereby
repealed.
Approved April 3, 1906.