PRIVATE ACTS. 1423

necessary or proper to be done to carry out such consolidation.
The power to unite or consolidate by this Act conferred on the
corporation hereby incorporated and on the corporation therein
referred to shall be exercised by said corporations, respectively,
when authorized at any general or special meeting of stock-
holders by the majority in interest of the stockholders of each
corporation so uniting or consolidating or with the assent in
writing of such majority in interest. The corporation so
formed by such consolidation shall, when such consolidation
shall have been completed as hereinafter referred to, have all
the powers and franchises by this Act conferred upon the
corporation hereby incorporated, including both as to such
consolidated corporation and the other corporations referred
to in this section, the powers by this section conferred, and
shall also have any other and further powers which any of the
constituent corporations may, at the time of such consolidation,
have the right to exercise; and all the assets and property of
every kind of all the corporations so consolidated or united
shall, upon the completion of such consolidation be assigned
and conveyed by such constituent corporation to such consol-
idated corporation; and such consolidated corporation shall be
liable for all the debts, contracts and engagements of the said
constituent corporations as fully and to the same extent as
such constituent corporations have been liable therefor at the
time of the consolidation; as soon as such consolidation shall
have been determined upon the corporations so uniting or con-
solidating shall execute a certificate of consolidation signed by
the proper officers, respectively, under their respective seals,
setting forth the terms of such consolidation; the said certifi-
cate shall be filed in the office of the Secretary of this State;
when said certificate shall be filed the said consolidation shall
be considered complete.

SEC. 8. And be it further enacted, That the board of direc-
tors of said corporation shall consist of not less than five nor
more than twenty-five members; provided, however, that said
company shall be subject to the provisions of Article 11 of
the Public General Laws of this State, title "Banks," and any
amendments thereof, and the liability of the stockholders there-
of shall at all times be determined by the laws of the State in
force at the time the said liabilities may attach.

SEC. 9. And be it further enacted, That the principal office of
said corporation shall be located in Baltimore County.

SEC. 10. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 5, 1910.