1310 LAWS OF MARYLAND.

CHAPTER 523.

AN ACT to incorporate the St. Mary's Realty and Banking
Company of Maryland.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Lemuel E. Mumford, John W. Renehan, Enoch B.
Abell, Lynwood J. Sterling, Francis F. Greenwell, Francis V.
King, F. O. Morgan, C. Benedict Greenwell and Charles V.
Hayden, Jr., and the subscribers to the stock of the corpora-
tion hereby created, and their successors and assigns, be and
they are hereby created a body corporate by the name of the
St. Mary's Realty and Banking Company of Maryland, and
by that name shall have perpetual succession, and shall be
competent to sue and be sued in any court of law or equity, to
have and use a common seal, and to alter the name at its pleas-
ure, and to make and adopt a constitution and by-laws for
the government of said body corporate and its officers, agents
and employes, and from time to time amend the same; pro-
vided, said constitution, by-laws or amendments thereto shall
not conflict with the Constitution and laws of this State or the
United States; to elect or appoint directors and officers, and
generally to do, execute and enforce all and singular such acts,
contracts, matters and things as may be necessary to carry out
the objects and purposes and to protect the interests of said
body corporate, and to exercise the power or powers by this
Act conferred upon it. The office of said corporation shall be
located in Leonardtown, St. Mary's county, in the State of
Maryland.

SEC. 2. And be it enacted, That the capital stock of said
body corporate shall consist of two hundred shares of fifty
dollars each, and said body corporate shall have the right to
increase its capital stock from time to time by a vote of the
stockholders at a special meeting or meetings to be called and
held for that purpose to any sum or sums not exceeding .one
hundred thousand dollars. The said body corporate shall
have the right to begin the prosecution of any business under
its charter and to exercise any of its corporate powers as soon
as its stock to the amount of five thousand dollars, which may
be payable in such instalments as the directors of said cor-
poration may stipulate, shall have been subscribed to and paid
for in cash.

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-
tels, choses in action, checks, notes, bills receivable, bills paya-
ble, bill of exchange, due bills, certificates of deposit, ware-