PRIVATE ACTS. 1339
person shall hold more than one hundred shares of stock; that
the entrance fee shall be one dollar, to be paid by each share-
holder, without regard to the number of shares taken at the
time of entrance to membership, and payments shall be at least
one dollar per share per month, to be paid on the day desig-
nated by the constitution and by-laws of the said association.
That the board of directors of said corporation shall have the
power and right to appoint the secretary and treasurer, who
may or may not be members of the board of directors.
SEC. 3. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 7, 1910.
CHAPTER 224.
AN ACT to incorporate the Hyattsville and Marlboro Title
Company.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That T. Van Clagett and Robert W. Wells and S. Marvin
Peach and the subscribers to the stock of the corporation
hereby created, and their successors and assigns, are created a
body corporate, under the name of the Hyattsville and Marl-
boro Title Company, and by that name shall have perpetual
succession and shall have power generally to do and perform
all and singular such acts, contracts, matters, regulations and
things as may be proper and lawful to carry out the purpose
and objects for which the corporation is formed.
SEC. 2. And be it further enacted, That the said corporation
is formed for the purpose of making abstracts and issuing
certificates of title to property in the counties of Maryland
adjoining the District of Columbia, and for such purpose the
said corporation may make and procure copies and abstracts
from the public records of the State and the land records of the
counties; may gather information therefrom and from other
sources relating to property, real and leasehold, and may make,
procure and furnish plats and other matters relative to such
property.
SEC. 3. And be it further enacted, That said body corporate
shall have the right to purchase, hold, bargain, sell, assign or
convey any real or personal property, or any interest or estate
therein, and every and any evidence of debt; to advance money
upon and accept or purchase mortgages or real estate, and
generally deal in every and all descriptions of property or
properties, real and personal.
SEC. 4. And be it further enacted, That the capital stock of
the said body corporate shall consist of four hundred shares of
|
![clear space](../../../images/clear.gif) |