PRIVATE ACTS. 1413

pealed; that all franchises and charter rights of the said Balti-
more and Drum Point Railroad Company and its successor,
the Baltimore and Southern Railroad, are hereby declared null
and void, and that said company or companies either 6r both of
them shall not hereafter exercise any of said charter rights or
franchises.

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

Approved April 13, 1910.

CHAPTER 38.

AN ACT to amend Section 3 of Chapter 181 of the Acts of 1900,
being an Act entitled "An Act to Incorporate the Interstate
Trust and Guaranty Company as further amended by the
Acts of 1906, Chapter 579, changing the name, thereof to the
Interstate Trust Company."

SECTION 3. Be it enacted by the General Assembly of the
State of Maryland, That Section 3 of Chapter 181 of the Acts
of 1900, being an Act entitled "An Act to Incorporate the In-
terstate Trust and Guaranty Company as further amended
by the Acts of 1906, Chapter 579, changing the name thereof
to the Interstate Trust Company," be and the same is hereby
repealed and re-enacted as amended, to read as follows:

That a board of directors shall be elected by the stockhold-
ers of the Interstate Trust Company on the second Tuesday in
June in the year nineteen hundred and ten, and said board of
directors shall continue in office until the second Tuesday in
January, nineteen hundred and eleven, and until their suc-
cessors are duly elected and qualified; and an election for a
board of directors for said company shall be held on the sec-
ond Tuesday in January, nineteen hundred and eleven, and on
the second Tuesday in January in each year annually there-
after, and said directors at the first meeting after their election
shall elect from their number a president and a vice-president
and a secretary and a treasurer, who may or may not be mem-
bers of the board of directors, but who shall own and hold at
least ten shares of the stock in said company; and said direc-
tors shall also have power to appoint and employ such officers,
clerks, agents and employees as the business of said company
shall from time to time require. Provided, however, that the
board of directors of said company now in office and their
successors shall hold their office until the second Tuesday
in June in the year nineteen hundred and ten, and until their
successors are duly elected; in case of any vacancy occurring
in the office of either secretary or treasurer, the board of