52

LAWS OF MARYLAND.

Abraham Hemp, William H. Lakin, Daniel P.
Thomas and John Long, Trustees of the German
Reformed Church, of Jefferson, in Frederick coun-
ty, Maryland, incorporated under the, laws of this
State, and their successors in office.

In force.

Sec. 2. And be it enacted, That this act shall
take effect from the date of its passage.

CHAPTER 42.

Passed Jan.
28, 1862.

AN ACT to authorize and empower the Hagers-
town Sayings Bank to retire or cancel a portion
of capital stock.

Authorized to
cancel stock.

SECTION l. Be it enacted by the General Assembly
of Maryland, That the Hagerstown Savings Bank
be, and is hereby authorized and empowered, to
cancel or retire so much of its capital stock as it
now holds, and which has been received by it, in
payment of debts due to it.

Right of can-
celling — how
long to con-
tinue.

Provisos.

Sec. 2. And be it enacted, That from time to
time, as said bank may be compelled to take its
stock in payment of debts due to it, the said privi-
lege shall continue, provided that its capital stock
shall not in this mode be reduced below fifty thou-
sand dollars; and provided also, that nothing herein
contained shall impair its right to reissue said
stock as a part of its capital, authorized by its
original charter; and provided, that upon the re-
issue of said stock, the President of said bank
shall notify the County Commissioners of Wash-
ington county of said reissue.

In force.

Sec. 3. And be it enacted, That this act shall
take effect from the date of its passage.