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Session Laws, 1910 Session
Volume 487, Page 1341   View pdf image (33K)
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PRIVATE ACTS. 1341

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 7, 1910.

CHAPTER 118.

AN ACT to change the name of the Hillsboro-Queen Anne
Bank, Incorporated, and amend and extend the charter of
the same.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That "The Hillsboro-Queen Anne Bank, Incorporated,"
& corporation duly formed under the provisions of the Code of
Public General Laws of this State, entitled "Corporations," as
amended by Chapter 240 of the Acts of the General Assembly
of 1908, in addition to the powers possessed by it, which are
hereby ratified and confirmed, shall have and possess the
further rights, powers, privileges and franchises particularly
mentioned in this Act.

SEC. 2. And be it further enacted, That the name of "The
Hillsboro-Queen Anne Bank, Incorporated," be and the same is
hereby changed from "The Hillsboro-Queen Anne Bank, Incor-
porated," to "The Hillsboro-Queen Anne Bank," and by such
name and style shall have perpetual succession, to sue and be
sued, plead and be impleaded, answer and be answered, defend
and be defended in courts of record or any other place what-
soever ; to make, have and use a common seal, and the same to
break, alter and renew at its pleasure.

SEC. 3. And be it further enacted, That the shares of the
capital stock of the said The Hillsboro-Queen Anne Bank shall
be transferable on the books of the corporation only, according
to such rules as shall be established by the president and
directors; but all debts actually due and payable to the cor-
poration by a stockholder requesting a transfer must be satis-
fled before such transfer shall be made, unless the president and
directors shall direct to the contrary.

SEC. 4. And be it further enacted, That the said The Hills-
boro-Queen Anne Bank shall have power to borrow money and
pay interest thereon not exceeding the legal rate, receive money
on deposit on such conditions and subject to such regulations
as the board of directors of said bank may deem sufficient,
und to buy or discount notes or other commercial paper, county
scrip or obligation of the counties and cities of this State, or
public or private obligations of every description, and may,
after purchasing, sell the same in such manner and on such
terms as the board of directors of the said bank may deter-


 

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Session Laws, 1910 Session
Volume 487, Page 1341   View pdf image (33K)
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