FRANK BROWN, ESQUIRE, GOVERNOR.

CHAPTER 649.

AN ACT to incorporate "The Hancock Bank," Washington
County, Maryland.

1027

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Edmund P. Cohill, J. W. Breathed Bridges,
William A. Bowles, Philip T. Little, J. Frank Fields, William
P. Lashley and William S. Cornelius, and their successors in
office, be and they are hereby constituted and made a body
corporate and politic, under the name and style of "The
Hancock Bank."

Hancock
Bank incor-
porated.

SEC. 2. And be it enacted, That said corporation, under the
above name and style, is hereby made able and capable in law
to sue and be sued, plead and be impleaded, answer and be
answered, defend and be defended in courts of record or any
other place whatsoever; to make, have and use a common seal,
and the same to break, alter and renew at their pleasure, and
generally to do and execute all and singular such acts, matters
and things as a corporation or body politic may and can law-
fully execute.

Corporate
powers.

SEC. 3. And be it enacted. That the capital stock of " The
Hancock Bank," intended to be created by this act, shall be
twenty-five thousand dollars, in shares of twenty-five dollars
each; six dollars and twenty-five cents shall be paid on each
share of the stock at the time of subscribing, and the remain-
der as the board of directors may determine and require; and
privilege is hereby given to said corporation to increase the
capital stock to fifty thousand dollars, by new subscriptions or
by adding profits not otherwise appropriated, whenever it shall
be so determined by the board of directors.

Capital stock.

SEC. 4. And be it enacted, That the persons named in the
first section of this act, be and they are hereby appointed com-
missioners to receive subscriptions to the capital stock of the
said corporation, and they, or a majority of them, may cause
books to be opened at such times and places as they may
direct, for the purpose of receiving such subscriptions, and
may keep the same open until the whole number of shares,
amounting to the said sum of twenty-five thousand dollars,
shall be subscribed for; and when the sum of twenty thousand
dollars of stock shall have been subscribed and twenty-five
per cent, of said subscriptions paid thereon, then it shall be

Subscriptions
to stock.

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