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Session Laws, 1920
Volume 539, Page 503   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 503

and that the public convenience and advantage will be pro-
moted by allowing said incorporation to engage in business,
did approve said Article of Incorporation in triplicate, on
December 15th, 1919; and thereafter the said Articles of
Incorporation, in triplicate, were submitted to the Honor-
able A. Hunter Boyd, one of the Judges of the Circuit Court
for Allegany County, in the Fourth Judicial Circuit of
Maryland, in which the City of Cumberland is located, and
the said A. Hunter Boyd did, on the 17th day of December,
1919, endorse on each of said Articles of Incorporation, that
the said Articles of Incorporation had been submitted to him
for examination, and that he did determine and certify that
said Articles of Incorporation are framed and executed in
accordance with the existing laws; and

WHEREAS, A notice specifying the names of the proposed
incorporators, the name of the proposed corporation, and the
location of same, as set forth in said Articles of Incorpora-
tion were duly published at least once a week for four weeks,
in a newspaper, designated by the Bank Commissioner, and
published in the City of Cumberland, and a certificate of said
publication was filed with the said Bank Commissioner, to-
gether with the said Articles of Incorporation in triplicate,
and all duly approved by the said Bank Commissioner, and
thereafter one copy of said Articles of Incorporation was
filed for record in the office of the Clerk of the Circuit Court
for Allegany County, and one copy was filed with the Bank
Commissioner who issued his certificate thereof; and one copy
was filed with the State Tax Commission, and the fees for
filing for record said Articles of Incorporation with the said
Clerk of the Circuit Court for Allegany County, with the
State Tax Commission, and with the Bank Commissioner were
duly paid, and the bonus tax was also duly paid, and the said
Bank Commissioner did use a Certificate of Authorization to
the said corporation to do business, having ascertained that
the requisite capital had been paid in in cash; and

WHEREAS, the entire capital stock of the said corporation
was paid in in cash, each, subscriber to the stock paying at
the rate of one hundred and fifty dollars ($150) per share,
being fifty dollars ($50) in excess of the par value of said
shares of stock, the aggregate excess amounting to five hun-
dred thousand dollars ($500,000), being carried as surplus;
and


 

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Session Laws, 1920
Volume 539, Page 503   View pdf image (33K)
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