132 LAWS OF MARYLAND.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Bank of Crisfield, a corporation duly formed
under the provisions of the Code of Public General Laws of
Maryland, in addition to the powers and privileges conferred
upon it by its certificate of incorporation, which are hereby
ratified and confirmed, shall have the further rights, privileges
and powers particularly mentioned in this Act.

SEC. 2. And be it enacted, That the stockholders of said
corporation be and they are hereby authorized at any special
or annual meeting by a vote of two-thirds of the capital stock
thereof to reduce the number of directors from twelve as at
present authorized to such number as they may deem expedient,
provided, that the number of directors shall not be less than
five, and provided further that at any meeting of the said
directors a majority of the board shall constitute a quorum for
the transaction of all business that may come before it.

SEC. 3. And be it enacted, That said corporation shall have
power to borrow money, to receive money on deposit, to lend
money, or to discount in accordance with bank usage, taking
such security therefor, either real or personal, as the board of
directors may deem sufficient; and said corporation may buy
or sell bills of exchange, notes, bonds or other securities; may
purchase and hold such real and personal estate and property
as may be necessary for the transaction of its business; may
rent out to its depositors and others boxes and other receptacles
in its vault for the keeping of securities, papers and other valu-
able articles; may issue letters of credit and other commercial
obligations, and generally may do and transact a general bank-
ing business, and the charter of said corporation is hereby ex-
tended for a term of forty years from the passage of this Act.

SEC. 4. A?id be it enacted, That the said corporation may
loan money on mortgage or may take an assignment of any
mortgage of any corporation or individual, and shall hold the
said mortgage Avith all the rights, powers and privileges of
the corporation or individual assigning the same, and may en-
force any stipulation in the same, and foreclose, assign or re-
lease the same as fully and effectively as the assignor could
have done.

SEC. 5. And be it enacted, That the said corporation shall
be subject to the provisions of Article 11 of the Public General
Laws of this State, title "Banks," and any amendments there-
of, and the liability of the stockholders thereof shall at all times