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LAWS OF MARYLAND.

residue shall be paid in such instalments and at such times
as the president and directors shall prescribe and require, and
if any subscribers shall neglect to pay any instalment for the
space of thirty days after the same shall be due and payable,
the stock on which it is due and demanded shall, at the dis-
cretion of the said president and directors, be forfeited to the
corporation; provided, nevertheless, that nothing therein COD
tained shall be construed to prevent said corporation from
suing and recovering such unpaid instalments in like manner
as other debts and claims are recoverable; and said corpora-
tion shall commence its operations within two years from the
passage of this bill.

SEC. 9. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 11, 1910.

CHAPTER 363.
AN ACT to incorporate the Hibernian Bank.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That George H. West, William P. Cummings, Charles
Schorr, James E. Givan, Charles H. Hildebrandt, Erskine M.
Sunderland and Joseph B. Joyner and the subscribers to the
stock of the corporation hereby created, and the successors
and assigns, be and they are hereby created a body corporate
by the name of the Hibernian Bank, and by that name shall
have perpetual succession and shall be competent to sue and
be sued in any court of law or equity whatever; with power
by a majority vote of the directors of the said corporation,
ratified by the holders of a majority of the outstanding stock
of the corporation, to change the corporate name; to have and
use a common seal and to alter the same at its pleasure; to
prescribe the number and powers of the board of directors of
said corporation; to name and adopt a constitution and by-
laws for the government of said body corporate and its officers,
provided the same shall not conflict with the Constitution and
laws of this State or of the United States; to appoint directors
and officers, and generally do, execute and enforce all and
singular such acts, contracts, matters and things as may be
necessary to carry out the object and protect the interests of
said body corporate, and to exercise the power by this Act con-
ferred upon it.

SEC. 2. And be it further enacted, That the capital stock of
said body corporate shall consist of five thousand shares of
the par value of ten dollars each; the said body corporate shall
not, however, undertake the prosecution of its business until