680

LAWS OF MARYLAND,,

Effective.

SEC. 7. And be it enacted, That this Act shall keta effect
from the date of its passage.
Approved April 2, 1898.

CHAPTER 191.

AN ACT to incorporate ''The Fidelity Trust Company."
SECTION 1. Be, it enacted by the General Assembly of Mary-
land, That Edwin Warfield, H. Crawford Black, Joseph R.
Stonebraker, Henry B. Platt, John H. Wight, Frederick H.

Body
corporate.

Smith, George Warfield, Seymour Mandelbaum, Cliuton P.
Paine, Robert Ober, Thomas A. Whelan, Herman E. Bosler,
George M. Upshur, John Sheridan and all other persons who
shall hereafter become stockholders in the company hereby
incorporated, shall be a body corporate by the name and style
of "The Fidelity Trust Company," and by that name shall
have perpetual succession and sue and be sued in any court
whatever.
SEC. 2. And be it enacted, That the capital stock of sail
company shall consist of tive thousand shares at one hundred

Capital stock.

($100) dollars each, being with the privilege to increase the
same from time to time by a vote of the stockholders, at a
special meeting or meetings to be called for that purpose, to a
sum not exceeding tive millions of dollars; and the incorpora-
tors, or a majority of them, named in this Act shall have
power to open books of subscription at such times and places
as they may deem expedient, and they shall have power to
compel all subscribers to said stock to subscribe and pay there-
for at par, or at such sum above par as they may decide ; and
when all of said tive thousand shares shall have been sub-
scribed, and when tifty per centum thereon has been paid in,
the stockholders may elect twenty-five directors, to serve until
the ensuing annual election, or until their successors have been
duly elected and qualified ; and the directors so elected of said
company, when it shall have been organized, may, and they
are hereby authorized and empowered, to have and to exercise,
in the name and on behalf of the company, all rights and
privileges which are intended to be hereby given ; and should
the capital stock f rem time to time, or at any time or times be
increased, the stockholders, at the time of such increase or in-
creases, shall be entitled to subscribe to a pro rata share of
such increase or increases upon the payment of such price at
par or above par for said stock as may be determined upon by
a vote of the majority of the stockholders of the said corpora-