1366 LAWS OF MARYLAND.

CHAPTER 692.

AN ACT to amend the proviso in section 1 of chapter 42 of the
Acts of 1822, passed January 8, 1823, by increasing the limit
of property to be held by the "First Hagerstown Hose Com-
pany," from one thousand dollars to nine thousand dollars
per annum.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the proviso in section 1 of chapter 42 of the Acts of
1822, passed January 8, 1823, be and the same is hereby re-
pealed and re-enacted with an amendment so as to read as
follows; provided, nevertheless, that the said corporation or
body politic shall not at any time hold or possess property,
real, personal or mixed, exceeding the sum of nine thousand
dollars ($9,000) per annum.

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

Approved April 6, 1908.

CHAPTER 697.

AN ACT to repeal and re-enact with amendments section 2,
chapter 727, of the Acts of 1900 of the General Assembly of
Maryland, entitled An Act to incorporate The Mercantile
Bank of Baltimore, and to add to the same additional sec-
tions, to be known as sec|ions 2A and 2B, designating the
number of its directors, and authorizing it to receive money
on deposit for savings account, and to keep and rent safe
deposit vaults and boxes.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That section 2, chapter 727, of the Acts of 1900, of the
General Assembly of Maryland, entitled An Act to incorporate
The Mercantile Bank of Baltimore, be and the same is hereby
repealed and re-enacted so that the same shall read as follows":

SEC. 2. And be it enacted, That the capital stock of said
corporation shall consist of two thousand shares of twenty-
five dollars each, and the said corporation shall have the right
to increase said capital stock from time to time to such
amount or amounts as it may desire, at no time, however, to
exceed one million dollars, whenever and so often as it shall
be determined by a majority vote of the stockholders at a
special meeting or meetings, to be called for that purpose,
and said stockholders shall be liable to the amount of their
respective shares pf stock for all debts and liabilities of said
corporation, upon note, bill or otherwise.