PRIVATE ACTS. 1275

said premises shall be occupied by the Veteran Corps of the
Fifth Regiment Infantry, M. N. G., as its headquarters and
armory.

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

Approved April 6, 1908.

CHAPTER 387.

AN ACT to continue the corporate existence of the president,
directors and company of the Hagerstown Bank.

SECTION 1. Be, it enacted by the General Assembly of Mary-
land, That.the president, directors and company of the Hag-
erstown Bank be and they are hereby continued in exist-
ence as a body politic and corporate under its name aforesaid,
from the time when according to existing laws the said corpo-
ration would expire, until the first day of January, in the year
one thousand nine hundred and forty-eight, and until the end
of the regular session of the General Assembly next thereafter;
provided, however, that the said corporation is continued upon
the conditions and subject to the limitations in this Act con-
tained.

SEC. 2. And be it enacted, That the capital stock of the said
corporation shall be one hundred and fifty thousand dollars, in
shares of fifteen dollars each.

SEC. 3. Awl be it enacted, That the affairs of the said cor-
poration shall be managed by a president and "directors, and
the numbers of the said corporation shall not be greater than
twelve nor less than five, the number to be determined by the
president and directors of the corporation, and the number in
said corporation may be changed by the president and directors
from time to time, within the limits as to number aforesaid,
and no person shall be a director in said corporation who is
not a stockholder thereof.

SEC. 4. And be it enacted, That the following rules, restric-
tions, limitations and provisions shall form and be funda-
mental articles of the said corporation, namely:

Article 1. Every stockholder shall be entitled to one vote
for every share which he, she or it or they may hold of the
capital stock of said bank, but no share of stock shall entitle
any holder to a vote which shall not have been holden four
calendar months previous to the day of any election in said
bank; and stockholders may vote at elections by proxy.