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LAWS OF MARYLAND.
CHAPTER 242.

Passed Mar.
10, 1864...

AN ACT to incorporate the Safe Deposit Company
of Baltimore.

Incorporated.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Thomas Kelso, Jacob Bramdt,
J. Alexander Shriver and Robert Lehr, together
with the subscribers to the stock of the association
hereby created, and their successors and assigns,
shall be and they are hereby declared io be a body
politic and corporate by the name and style of the
Safe Deposit Company of Baltimore, and by that
name shall have succession and be capable in law
to sue and be sued, plead and be impleaded,
answer and be answered, defend and be defended
in all courts of law and equity and elsewhere, to
make and use a common seal, and the same to
alter or renew at pleasure, and generally to do and
perform all things relative to the object of this
institution which is now, or shall be lawful for any
individual or body politic or corporate to do.

Capital stock.

Sec. 2. And be it enacted, That the capital stock
of this Company shall consist of a sum not exceed-
ing three hundred thousand dollars, divided into
three thousand shares of one hundred dollars each,
fifty dollars on each share to be paid at the time
subscribing, and fifty dollars in sixty days there-
after.

Competent to
transact busi-
ness.

Sec. 3. And be it enacted, That so soon as one
thousand shares are subscribed for and paid, or
secured to be paid, this company shall be compe-
tent to transact all kinds of business for which it
is established.

Books to be
opened.

Sec. 4. And be it enacted, That the Commis-
sioners hereafter named, or any three of them,
shall open books of subscription for the capital
stock of this company, hereby incorporated, at
such time and in such suitable place in the city of
Baltimore as they may think proper, and shall
receive the instalments on the stock of said com-
pany, provided for in section second, and shall
deliver the money so paid to the Board of Direc-
tors so soon as they shall be appointed and pre-
pared to receive the same.