LLOYD LOWNDES, ESQUIRE, GOVERNOR.

and every year, and on condition that the city of Baltimore
shall pay all taxes imposed by the State of Maryland for which
the holders of said stock may thereon be legally liable.

981

SEC. 4. And be it further enacted, That no stock shaJl be
issued under the provisions of this Act until the ordinance of
the Mayor and City Council authorizing the same shall have
been submitted to and approved by the legal voters of the city
of Baltimore in accordance with the provisions of the seventh
section of Article eleven of the Constitution of Maryland.

To be ap-
proved by
the legal
voters.

SEC. 5. And be it further enacted, That this Act shall take
effect from the date of its passage.
Approved April 9, 1898.

CHAPTER 374.

AN ACT to incorporate the Citizens' Trust and Deposit
Company of Baltimore.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Edgar G. Miller, Jr., Henry C. Roche, C. Irwin

Effective.

Dunn, Leigh Bonsai and Charles E. Rieman, and their asso-
ciates, successors and assigns, and all other persons who may
hereafter become stockholders in the company hereby incorpo-
rated, shall be and are hereby constituted a body corporate by
the name and style of "Citizens Trust and Deposit Company
of Baltimore," and by that name shall have perpetual suc-
cession, and may sue and be sued in any court whatever.
SEC. 2. And be it enacted, That the capital stock of said

Body
corporate.

company shall consist of tive thousand shares at one hundred
dollars each, being tive hundred thousand dollars, with the,
privilege to increase the same, from time to time, by a majority
vote of all the stock at a special meeting to be called for' that
purpose, to two millions of dollars; and the above named
incorporators, or a majority of them, shall have power to open
books for subscriptions, at such times and places as they may
deem expedient, and when not less than two thousand shares
have been subscribed, and fully paid for, the stockholders may
elect seven or more directors to serve until the ensuing annual
election, or until their successors have been duly elected and
qualified, and the directors of said company so elected may,
and they are hereby authorized and empowered to have
and to exercise in the name and on behalf of the com-
pany all rights and privileges which are intended to be hereby
given ; and should the capital stock be at any time increased,
the stockholders, at the time of such increase, shall be entitled

Capital stock.