1486 LAWS OF MARYLAND.

by the name of Maryland Real Estate Title Company, and by
that name shall have perpetual succession and shall have
power generally to do all and similar such acts, contracts,
matters, regulations and things as may be proper and lawful
to carry out the purpose and objects for which the corporation
is formed.

SEC. 2. And be it enacted, That the said corporation is
formed for the purpose, among others, of taking over the good
will, business, records, assets and property, real and personal,
of the Maryland Real Estate Title and Investment Company,
of Hyattsville, Maryland, and to make abstracts and issue
certificates of title to property in the counties of Maryland
adjoining the District of Columbia, and for such purpose may
make and procure copies and abstracts from the public records
of the State and the Land Records of the counties; may gather
information therefrom and from other sources relating to
property, real and leasehold; and may make, procure and fur-
nish plats and other matters relative to said property.

SEC. 3. And be it enacted. That the said corporation, under
the above name and style, is hereby made capable in law to sue
and be sued, plead and be impleaded, to defend and be de-
fended in courts of law, to make, have and use a common seal,
and the same to alter and renew at their pleasure, and generally
to do and execute all and singular such acts, matters and
things as may be reasonably necessary and proper for exe-
cuting the powers herein conferred.

SEC. 4. And be it enacted, That said body corporate shall
have the right to purchase, hold, bargain, sell, assign or convey
any real or personal property, or any interest or estate therein,
and every and any evidence of debt, to advance money upon
and accept or purchase mortgages on real estate and generally
deal in every and all descriptions of property or properties,
real or personal.

SEC. 5. And be it enacted, That the capital stock of said
body corporate shall consist of four hundred shares of stock
of the par value of fifty dollars each, and when the par value
of any share shall have been paid, the same shall thereupon
become non-assessable, and the said body corporate shall have
the right to increase its capital stock at any time by a two-
thirds vote of the stockholders, the increase in the corporate
stock not to exceed one thousand shares.

SEC. 6. And be it enacted, That this charter shall be subject
to the provisions contained in Article 23 of the Code of Public
General Laws of Maryland, except where otherwise provided
in this Act.