LLOYD LOWNDES, ESQUIRE, GOVERNOR.

967

Riefle, Clarendon I. T. Gould, Henry H. Hubner, John F.
Williams and James E. Ingram, Jr., and their associates and
successors, and all such other persons as shall hereafter become
stockholders in the company hereby incorporated, shall be and
they are hereby constituted a body politic and corporate by
the name and style of The Old Line Real Estate and Trust
Company of Baltimore City, and by that name shall have per-
petual succession, and be capable in law to acquire and hold
and in anywise dispose of property, and to sue and be sued,
plead and be impleaded in any court whatever, to make and
use a common seal, and to alter the same at pleasure, and gen-
erally to do everything proper to carry into effect the pro-
visions of this Act, or to promote the objects and designs of
the company hereby incorporated.

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

Body
corporate.

said corporation shall consist of one hundred thousand dollars
($100,000,) divided into two thousand shares, of the par value
of fifty dollars ($50) each, and said corporation may at any time,
and from time to time, at a general meeting specially called for
that purpose, increase its capital stock, and subscription to its
capital stock shall be made in cash, and the corporation may
begin its operations when its capital stock shall be subscribed
and fully paid for.

SEC. 3. And be it enacted, That the directors shall be

Capital stock.

elected annually by the stockholders on the third Tuesday in
January, and they shall elect from their number, at the first
meeting of the board after their election, as prescribed by the
second section of this Act, and after all subsequent elections,
a president and a vice-president, and shall also have power to
elect a secretary and treasurer, and to appoint and employ such
other officers, clerks and agents as the business of said
company, from time to time, may require ; all elections shall
be by ballot, and at such elections and all meetings of stock-
holders every stockholder shall be entitled to one vote for
every share of stock so held by him ; provided he is a stock-
holder of record of this company thirty days prior to the
election ; but no person shall be eligible as a director who is
not a stockholder to the amount of ten shares.

Election of
directors.

SEC. 4. And be it enacted, That ten days' notice shall be
given by publication in two daily newspapers in Baltimore city
of the time and place of said annual election ; which election
shall be conducted by three stockholders ; one of them shall
be designated as a judge and the other two as inspectors.

Notice to be
given.