1218 LAWS OF MARYLAND.

authorizing such increase; and before such shares of increased
capital stock are issued, a certificate of the proceedings of such
meeting showing the amount of capital actually paid in, either
by subscriptions to the capital stock, or stock exchanged by
way of payment for real estate or other property purchased for
the use of the corporation, or for services rendered, and the
amount to which the capital stock shall be increased, shall be
made out and signed by the chairman of such meeting, with his
affidavit and the corporate seal of said company affixed, and
filed with the State Tax Commissioner.

SEC. 9. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 13, 1910.

CHAPTER 71.

AN ACT to incorporate "The Havre de Grace Banking and
Trust Company."

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Murray Vandiver, James H. Fahey, Isaac Hecht,
David A. Fisher, Bernard Levy, Joseph C. Parker and Lee J.
Hecht, and all other persons who shall hereafter become stock-
holders in the company hereby incorporated, shall be a body
corporate by the name and style of "The Havre de Grace Bank-
ing and Trust Company," and by that name shall have perpetual
succession and sue and be sued in any court whatever.

SEC. 2. And be it enacted. That the capital stock of said
company shall consist of five hundred shares at fifty dollars
each, with privilege to increase the same from time to time,
by vote of the stockholders at a special meeting or meetings to
be called for that purpose, to a sum not exceeding two hundred
and fifty thousand dollars; and the incorporators, or a majority
of them, named in this Act shall have power to open books of
subscription at such times and places as they may deem expe-
dient, and they shall have power to compel all subscribers to
said stock to subscribe and pay therefor at par, or at such sum
above par as they may decide; and when all of said five hun-
dred shares shall have been subscribed, and when fifty per cen-
tum thereon has been paid in, the stockholders may elect eleven
directors to serve until the enduing annual election, or until
their successors have been duly elected and qualified; and the
directors so elected of said company, when it shall have been
organized, may and they are hereby authorized and empowered
to have and to exercise, in the name and on behalf of the com-