LAWS OF MARYLAND.

the year nineteen hundred and seven, as a savings institution,
under the provisions of the General Laws of this State in rela-
tion to the creation and regulation of incorporated companies
in the State of Maryland, with a capital stock of fifty thousand
dollars, divided into five hundred shares, with the privilege of
increasing its capital stock at any time by the shareholders,
according to the provisions of law, and is desirous of extend-
ing the privileges and enlarging the powers of the said corpora-
tion, as will appear by certificate dated the thirteenth day of
December, in the year nineteen hundred and seven, and re-
corded in the Incorporation Records of Worcester County,
Maryland, in Liber F. H. P., 2, folios 116, 117, 118.

SEC. 2. And be it enacted, That the Charter of Calvin B.
Taylor Banking Company of Berlin, Maryland, as it appears
by its certificate of incorporation dated the thirteenth day of
December, in the year nineteen hundred and seven, recorded
among the Incorporation Records of said Worcester County,
in Liber F. H. P., No. 2, folios 116, 117, 118, be and the same
is hereby ratified and confirmed, and the shareholders thereof
are hereby declared a body corporate under the name and style
of "Calvin B. Taylor Banking Company of Berlin, Maryland."

SEC. 3. And be it enacted, That said corporation, under the
above name and style, is hereby made able and capable in law
to sue and be sued, plead and be impleaded, answer and be an-
swered, defend and be defended in courts of law; to make, have
and use a common seal, and the same to break, alter and renew
at their pleasure, and generally to do and execute all and
singular such acts, matters and things as a corporation and a
body politic may and can lawfully execute.

SEC. 4. And be it enacted. That the capital stock of "Calvin
B. Taylor Banking Company of Berlin, Maryland," shall be
fifty thousand dollars, and privilege is hereby given to said
corporation to increase its capital stock to five hundred thou-
sand dollars or less by new subscriptions, or by adding to said
capital semi-annually or annually a portion of its net proceeds,
not otherwise appropriated, when it shall so determine by the
board of directors.

SEC. 5. And be it enacted, That said corporation shall have
the power to borrow money, receive money on deposit, to loan
money or to discount, in accordance with the banking usage,
taking such security therefor, either real or personal, as the
board of directors of said bank may deem sufficient; may buy
or sell bills of exchange, notes, bonds and other securities; may
purchase and hold such real estate and personal estate and
property as may be necessary for the accommodation and
transaction of its business; may issue letters of credit and
other commercial obligations, and generally do and transact a