PRIVATE ACTS. 1345

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Chapter 408 of the Acts of Assembly passed in
the year 1894, entitled "An Act to incorporate the Boons-
borough Bank of Boonsborough, Washington County, Mary-
land," be and the same is hereby repealed and re-enacted as
follows:

SEC. 2. Be it enacted by the General Assembly of Mary-
land, That Dr. William C. Wheeler, William C. Geting, John
L. Miller, John S. Miller, John E. Fahrney, Stanley P. F.
Kline, Caleb Long, John V. Alexander, Charles E. Nicodemus,
Charles J. Young and Harvey E. Thomas and their successors
in office be and they are hereby constituted and made a body
corporate and politic under the name and style of the Boons-
boro Bank, of Boonsboro, Maryland.

SEC. 3. Avid 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
answered, defend and be defended in court of record, or any
other place whatsoever; 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 or a body politic may and can
lawfully do and execute.

SEC. 4. And be it enacted, That the capital stock of the
Boonsboro Bank, of Boonsboro, Maryland, created by this Act,
shall be twenty-five thousand dollars, in shares of ten dollars
each, five dollars to be paid on each of said shares at the time
of subscribing, and the remainder as the board of directors
may determine and require; and the privilege is hereby given
to the said corporation to increase its capital stock to fifty
thousand dollars by new subscriptions or by adding to the said
capital its net profits, not otherwise appropriated, whenever
it shall be so determined by the board of directors.

SEC. 5. And be it enacted, That the persons named in the
second section of this Act be and they are hereby appointed
commissioners' to receive subscriptions to the capital stock of
the said corporation, and 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 shall be
subscribed for and fifty per cent, of said subscriptions shall
have been paid to said commissioners; then it shall be lawful
for said bank to proceed in all things according to this charter.

SEC. 6. And be it enacted, That the affairs of said corpora-
tion shall be managed by not less than seven or more than
eleven directors, a majority of whom shall be citizens of Wash-