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Session Laws, 1910 Session
Volume 487, Page 1335   View pdf image (33K)
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PRIVATE ACTS. 1335

under its said certificate of incorporation, which are hereby
ratified and confirmed, shall have and possess the further-
powers, rights, privileges and franchises mentioned in this Act.
SEC. 2. And be it further enacted, That the capital stock of
the said corporation shall be ten thousand dollars, divided into
one thousand shares of the par value of ten dollars each, but
said capital stock may be increased, from time to time, to an,
amount not exceeding fifty thousand dollars, at such meeting
of the stockholders of said corporation as may be called for
that purpose by a two-thirds vote of all the shares outstanding
at the time of such meeting.

SEC. 3. And be it further enacted, That the stockholders of
said corporation be and they are hereby authorized at any time
to change the name of the said corporation to "Patuxent Bank
of Laurel,"' or to such other name as they may deem fit, by the
vote of the holders of two-thirds of the outstanding stock of
said corporation, at any regular or called meeting of the stock-
holders, and should such a change be decided upon, as above
authorized, the president and cashier of the said corporation
shall make out a certificate of the change of name and sign the
same, and said certificate, verified by affidavits of the said
president and cashier, and the seal of the said corporation,
shall be recorded among the corporation records of said Prince
George's County, and from and after the recording of said cer-
tificate the said corporation shall be known as "Patuxent Bank
of Laurel," or by such other name as may have been decided
upon and certified to as authorized by this section; and by its
new name said corporation shall have perpetual succession,
may adopt, a corporate seal and otherwise, in all respects, do,
execute, perform and transact whatever may, can or might
lawfully be done, executed, performed or transacted within
the scope and for the object and purposes of said corporation;
provided, and it is expressly declared that the change of
name thereby made shall in nowise affect the rights, privileges,
powers and franchises of said corporation, and shall in nowise
affect or impair the existing contracts, engagements and lia-
bilities thereof, and that all property, real, personal or mixed,
owned, vested in, or possessed by the Patuxent Savings Bank
of Prince George's County, incorporated, shall, when said
change of name is made, be vested in, owned and possessed by
the "Patuxent Bank of Laurel," or a corporation known or
called by whatever name shall have been decided upon and
certified to as authorized by this section.

SEC. 4. And be it further enacted, That the board of directors
of said corporation may be increased or diminished from the
number stated in the certificate of incorporation to a number
not less than eight nor more than fourteen, by a vote of two


 

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Session Laws, 1910 Session
Volume 487, Page 1335   View pdf image (33K)
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