1328 LAWS OF MARYLAND.

laws of the State in force at the time the said liabilities may
attach.

SEC. 2. Be it further enacted, That this Act shall take effect
from the tiate of its passage.

Approved April 11, 1910.

CHAPTER 432.

AN ACT to incorporate the Wicomico Savings Bank of Salis-
bury.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Wm. M. Cooper, Jesse D. Price, Mark Cooper, Alex-
ander M. Jackson and Isaac E. Jones be and they are hereby
appointed commissioners to take subscriptions to the capital
stock of the Wicomico Savings Bank of Salisbury, hereby in-
corporated, and that they, or a majority of them, may cause
books to be opened at such times and places as they may direct,
for the purpose of receiving such subscriptions, and may keep
the same open until the whole number of shares of the capital
stock shall be subscribed for and taken.

SEC. 2. And be it enacted, That the subscribers to said stock
and their successors and assigns shall be and they are hereby
declared to be incorporated into a body corporate by the name
of the Wicomico Savings Bank of Salisbury, and by that name
shall have perpetual succession and be capable in law to ac-
quire and promote, and in any wise dispose of real and per-
sonal property, and by such corporate name to sue and be sued
in any court whatsoever; to have and use a common seal, and
to alter the same at its pleasure, and generally to do, execute
And enforce all and singular such acts, contracts, matters and
things as a corporation or body politic may and can lawfully

execute.

SEC. 3. And be it enacted, That the home office and place of
business of said corporation shall be located at Salisbury, in
Wicomico County, State of Maryland.

SEC. 4. And be it enacted, That the capital stock of the Wi-
comico Savings Bank of Salisbury shall consist of two hun-
dred and fifty (250) shares of the par value of one hundred
dollars ($100) per share, with the privilege to increase the
same from time to time up to the sum of fifty thousand dollars
($50.000), or five hundred (500) shares, by a vote of the stock-
holders at a special meeting to be called for that purpose; and
when two hundred and fifty shares have been subscribed for
and when the amount of said subscriptions have been paid in
cash to one of the said commissioners, who shall be desig-