1268 LAWS OF MARYLAND.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 6, 1908.

CHAPTER 356.
AN ACT to incorporate the Millington Bank of Maryland.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Robert F. Powell, Edwin H. Taylor, John P.
Ahern, Henry Tonkin,. Joseph Mallalieu, Isaac Gibbs, John
S. Newman, Richard W. Moffett, John H. Wiest and the sub-
scribers 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 Millington Bank of Mary-
land, and by that name shall have perpetual succession, and
shall be competent to sue and be sued in any court of law or
equity whatever; to have and use a common seal, and to alter
the same at its pleasure; to make and adopt a constitution and
by-laws for the government of the said body corporate and its
officers; provided, the same shall not conflict with the Consti-
tution and laws of this State or of the United States; to ap-
point directors and officers, and generally do, execute and en-
force all and singular such acts, contracts, matter and things
as may be necessary to carry out the object and protect the
interests of said body corporate, and to exercise the power by
this Act conferred upon it.

SEC". 2. And be it enacted, That the capital stock of said
body corporate shall consist of six hundred shares of the par
value of twenty-five dollars each; and the said body corporate
shall not, however, undertake the prosecution of its business
until the stock, to the amount of fifteen thousand dollars
(which may be payable in such instalments as the directors of
said corporation may stipulate) shall have been subscribed.

SEC. 3. And be it enacted, That the said body corporate shall
have the right to purchase and hold, bargain and sell, grant,
assign and convey land, or any interest or estate therein, chat-
tel, choses in action, checks, notes, bills of exchange, certifi-
cates of deposit, warehouse receipts, stocks, bonds, mortgages
on real or leasehold property, and every and any evidence of
debt; to advance money upon the security thereof, and pay
such dividends on the capital stock of said bank to the stock-
holders of the said bank as will not impair the capital stock
of said Millington Bank of Maryland, and pay such interest on
deposits as may be provided by the rules and regulations of
said bank, by receiving and holding the same, or accepting