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Session Laws, 1894 Session
Volume 480, Page 1060   View pdf image (33K)
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1060

LAWS OF MARYLAND.

Not to affect
pending suits.

SEC. 2. And be it enacted, That this act shall not apply to
change the right of parties to pending action at law or suits.

Approved April 6th, 1894.

CHAPTER 663.

AN ACT to amend an Act of the General Assembly of Mary-
land, passed at the January Session, eighteen hundred, and
eighty-four, being Chapter 425 of the Acts of said session,
entitled "An Act to incorporate the Maryland Title Insur-
ance and Trust Company," by repealing the second section
thereof, and re-enacting the same with amendments, and by
also enacting an additional section thereto, so as to inciease
the powers of the said corporation.

Repeal.


SECTION 1. Be it enacted by the General Assembly of
Maryland, That section 2 of the Act of 1884 of the General
Assembly of Maryland, chapter 425, entitled "An Act to incor-
porate the Maryland Title Insurance and Trust Company," be
and the same is hereby repealed and re-enacted, so as to read
as follows, that is to say :

Capital stock.

SEC. 2. The capital stock of the said corporation shall be
two hundred thousand dollars, divided into two thousand
shares, of the par value of one hundred dollars each, and
may be increased, from time to time, when and as a majority
in interest of the stockholders shall so determine, to an amount
not exceeding in all one million of dollars.

New section.

SEC. 2. And be it enacted, That the following section be
and it is hereby added to said act, to be known as section 8,
to wit:

Further
powers.

SEC. 8. The said corporation shall be and it is hereby
authorized, either for itself, or as agent, to buy, sell, lease or
otherwise acquire and hold real and personal property in the
State of Maryland, or elsewhere, as fully and completely as a
natural person; to loan money upon, purchase, sell or issue
bonds or mortgages or debenture bonds, upon the security of
real or personal estate in the State of Maryland, or elsewhere ;
to loan money upon real or personal security; to loan money
and to make advances secured by mortgages, to be paid upon



 
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Session Laws, 1894 Session
Volume 480, Page 1060   View pdf image (33K)
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