PRIVATE ACTS. 1323

ration duly formed under provisions of the Code of Public Gen-
eral Laws of Maryland, in addition to the powers and privi-
leges conferred upon it by its certificate of incorporation,
which is hereby ratified and confirmed, shall have the further
and additional rights, privileges and powers particularly men-
tioned in this Act.

SEC. 2. And be it enacted, That the stockholders of said cor-
poration be and they are hereby authorized and empowered at
special or annual meetings, and by vote of the holders of two-
thirds of the capital stock of said corporation, to increase the
capital stock of the same, from time to time, from one hundred
thousand dollars, its present capital, to such an amount or
amounts as they may determine, not to exceed five hundred
thousand dollars, which shall be divided into fifty thousand
shares of the par value of ten dollars each; provided, that be-
fore any increase or increases shall be made in said capital
stock, such notice shall be given to the stockholders of the
meeting or meetings to be held for the purpose of considering
such increase or increases as may be required by the by-laws
of said corporation for the annual meeting of stockholders.

SEC. 3. And be it enacted, That said corporation shall have
power ,to borrow money, to receive money on deposit, and to
pay interest thereon; to lend money or to discount in accord-
ance with bank usage, taking such security thereon, either real
or personal, as the board of directors may deem sufficient; and
said corporation may buy and sell bills of exchange, notes,
bonds or other securities; may purchase and hold such real and
personal estate and property as may be necessary for the accom-
modation and transaction of its business; may make such
special regulations in relation to special or other deposits as
the board of directors may deem advisable; may rent out to its
depositors and others, boxes and other receptacles in its vault
or vaults, for the keeping of securities, papers and other valua-
ble articles; may issue letters of credit and other commercial
obligations; and generally do and transact a general banking
business.

SEC. 4. And Be it enacted, That said corporation shall be
subject to the provisions of chapter 109 of the Acts of the Gen-
eral Assembly of 1892, as amended by chapter 160 of the Acts
of the General Assembly of 1896, and all general laws applic-
able to companies or associations of a character similar to that
named in this Act.

SEC. 5. And be it enacted, That the duration of said corpora-
tion shall be perpetual.