LLOYD LOWNDES, ESQUIRE, GOVERNOR.

1251

subscribers to the stock of the corporation hereby created, and
their successors and assigns, be and they are hereby created a
body corporate by the name of the "Home Trust Company of
Maryland," and by that name shall have perpetual succession,
and shall be competent to sue and be sued in any court of law
or equity whatsoever ; to have and to use a common seal, and
to alter the same at its pleasure ; and to make and adopt a con-
stitution and by-laws for the government of said body corpo-
rate and its officers, agents and employes, and from time to
time to amend the same, provided such constitution, by-laws or
amendments thereto shall not conflict with the constitution and
and 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, and
to protect the interests of said body corporate, and to exercise
the power or powers by this Act conferred upon it, and for
that purpose shall have the right to establish and maintain
branch offices or places of business in the city of Baltimore
and elsewhere.

SEC. 2. And be it further enacted, That the capital stock

Body
corporate.

of said body corporate shall consist of two thousand five hun-
dred shares of the par value of one hundred dollars each, and
when the par value of any share shall have been fully paid,
the same shall thereupon become non-assessable and non-liable
for or on account of any purpose whatsoever ; and said body
corporate shall have the right to increase its capital stock from
time to time by a vote of the stockholders at a special meeting
or meetings to be called and held for that purpose to any sum
or sums not exceeding five million dollars. The said body
corporate shall not, however, begin the prosecution of any busi-
ness under its charter until its said stock to the amount of one
hundred thousand dollars, which may be payable in such instal-
ments as the directors of said corporation may stipulate, shall
have been subscribed to and paid for in cash.

Capital stock

SEC. 3. And be it further enacted, That the said body cor-
porate shall have the right to purchase and hold, bargain and
sell, grant, assign and convey land or any interest or estate
therein, chattels, choses in action, checks, notes, bills receivable,
bills payable, bills of exchange, due bills, certificates of deposit,
warehouse receipts, stocks, bonds, mortgages on real, leasehold
or chattel property, and every and any evidence of debt, to
advance money upon the security thereof by receiving and
holding the same on such terms as may be agreed upon or

Right to
purchase
and hold.