ALBERT C. RITCHIE, GOVERNOR. 175

they are hereby created a body corporate by the name of "South-
ern Maryland Title Insurance Company" and by that name
shall have perpetual succession and shall have such power as is
conferred upon corporations incorporated under the General
Laws of the State of Maryland, as may be reasonably necessary
to carry out its obligations and purposes and to protect the
interest of the said Body Corporate and to exercise the powers
by this Act conferred upon it.

SEC. 2. And be it further enacted, That the said Corpora-
tion shall be managed by a Board of three Directors or such
additional number as the stockholders may from time to time
prescribe and elect. And Robert E. Brown, George N. Palmer
and Lansdale G. Sasscer are the names of the directors who
shall serve the first year or until their successors are duly
elected and qualified.

SEC. 3. And be it further enacted, That the said corpora-
tion is formed for the purpose of making abstracts and issuing
Certificates of Title to properties in the Counties of Mary-
land, and for such purposes that said corporation may make
and procure copies and abstracts from public records of the
State of Maryland and the Land Records of the Counties.

SBC. 4. And be it further enacted. That the said body cor-
porate shall have the right to purchase, hold, convey, sell or
assign any real or personal property and every and any evidence
of debt; to advance money upon or purchase mortgages or deeds
of trusts upon real estate and generally deal in every and all
descriptions of property or properties real and personal.

SEC. 5. And be it further enacted, That the said corpora-
tion be and it is hereby authorized and empowered to carry on
and transact its business as above set forth in conformity with
and subject to the provisions of the General Laws of the State
of Maryland relating to Corporations.

SEC. 6. And be it further enacted, That the capital stock
of the said corporation shall be $25, 000. 00 (twenty-five thou-
sand) divided into two hundred and fifty (250) shares of the
par value of $100. 00 (one hundred) per share.

Approved April 2, 1929.