1846.

LAWS OF MARYLAND.

CHAP. 266.

ble in such manner, and under such restrictions as the
by-laws and ordinances, to be made by the president and
directors, or a board thereof, shall direct; and that all
property, estate and stock of said corporation, shall be
ound and answerable for any contracts or engagements
made, or liability incurred by the president and directors
thereof, or through their agency, or by their authority.

Issues forbid.

SEC. 9. And be it enacted, That nothing herein con-
tained, shall be construed to authorise the said corpora-
tion to exercise any banking privileges, or to issue any
note, token or device, to be used as a currency.

Right reserv-
ed.

SEC. 10. And be it enacted, That the Geneial Assam'
bly of Maryland reserves the right to change or alter
this act of incorporation at any time.

CHAPTER 266.

Passed March
9, 1847.

Incorporated.

An act to incorporate the Hagerstown Savings Institution.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That William Pott, William B. Clarke,
Alexander Neill, jr., George Fechtig, George A. Bender,
Peter B. Small, William Robertson, jr., John P. Willard,
Charles G. Lane, Peter Swartzwelder, James D. Roman,
William Hawken, Daniel King, Edwin Bell, James
Wason, George W. Smith, William H. Boyd, G. F. P.
Swartz, Jacob K. Harry, Frederick Humrickhouse,
Alexander Armstrong, George Shafer, Isaac Nesbet,
Jonathan Hager, Joseph Newcomer, and all and every
other person hereafter becoming members of the Hagers-
town Savings Institution, in the manner hereafter men-
tianed, shall be and are hereby created and made a cor-
poration or body politic, by the name and style of the
Hagerstown Savings Institution, and by that name shall
have succession, and be capable by law to hold and

dispose of real and personal property, by deed or other-
wise, to sue and be sued, plead and be impleaded, answer
and defend, and be answered and defended, in courts of
law and equity, or in any other place whalsoever, and to
receive and make all deeds, transfers, contracts, convey-
ances, and grants whatsoever, and to make, have and use
a common seal, and the same to change and renew at
pleasure, and generally to do every other act or thing
necessary to carry into effect the provisions of this act.