726

LAWS OF MARYLAND.

Effective.

SEC. 3. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 5, 1898.

CHAPTER 215.
AN ACT to amend the charter of the Security Storage and
Trust Company of Baltimore City.
SECTION 1. Be it enacted ty the General Assembly of Mary,
land, That the Security Storage and Trust Company of Baltif

Powers
granted.

more City, a corporation duly formed under the provisions of
Article twenty-three of the Code of Public General Laws of
the State of Maryland, title "Corporations," in addition to the
powers possessed by it under its certificate of incorporation,
which are hereby ratified and confirmed, shall have and possess
the further powers, rights, privileges and franchises particu-
larly mentioned in this Act, and that its charter as set out in
said certificate of incorporation, shall be altered and amended
so as conform to the terms and provisions of this Act.
SEC. 2. And be it further enacted, That the capital stock of

Capital stock,

said corporation shall consist of fifteen hundred shares of one
hundred dollars each, being one hundred and fifty thousand
dollars, with the privilege of increasing the same by a two-
thirds vote of the stockholders, at a special meeting to be called
for that purpose, to one million dollars ; and it shall be lawful
for said corporation to increase said capital stock to the amount
of one million dollars aforesaid, at any one time, or said capital
stock may be increased from time to time by vote of the stock-
holders, as hereinbefore provided, not exceeding, however, in
the aggregate the said sum of pne million dollars ; should the
capital stuck at any time be increased, as hereinbefore pro-
vided, the stockholders at the time of such increase shall be
entitled to a pro rata share of such increase upon payment of
the par value of the same.
SEC. 3. And be it further enacted, That the said corpora-

Accept and
execute
trusts.

tion be and it is hereby authorized to accept and execute as
fally as a natural person, trusts of any and every description
which may be committed or transferred to it with its consent,
by any person or persons whomsoever, bodies corporate or
politic, or by any court in the State of Maryland, or by the
courts of the United States, or any of the States or Territories
thereof ; and to accept the office and appointment of executors
or administrators of any kind or nature, whenever such office
or appointment is conferred or made by any person or persons,