PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

name of the Valley Bank of Maryland, at Hagerstown
shall be established in said town, and that, as soon
as five thousand shares of the capital stock of said
company shall have been subscribed as hereinafter pro-
vided, the subscribers thereof shall.be and are hereby
made a corporation and body politic under the name

CHAP. 308.

and style of the Valley Bank of Maryland, at Hagers-
town, and by that name shall be and are hereby made
capable in law to sue and be sued, plead and be im-
pleaded, answer and be answered, defend and be
defended in any court of record or any other place
whatever, and also to make, have and use a common
seal and the same to break, alter and renew at plea-
sure and to make, issue and negotiate promissory notes
and to ordain, establish and put into execution such bye-
laws, ordinances and regulations as shall seem neces-
sary and convenient for the government of the said cor-
poration, the same not being contrary to law or the pro-
visions of this act, and generally to do and execute all

and singular such acts, matters and things as a corpora-
tion or body politic may and can lawfully execute.

Name and
Style.

Corporate

powers.

SEC. 2. And be it enacted, That the capital stock of
said bank shall be one hundred thousand dollars in shares
often dollars each, five hundred shares shall be reserved
for the use and benefit of the State, to be subscribed for
in such manner as the legislature may direct.

Capital stock.

SEC. 3. And be it enacted, That Isaac Newcomer,
Samuel Emmert, Hezekiah Clagett, Michael New-
comer, George Heathoffer, Jonathan Hager, Michael
Smith, Lewis Zeigler, Edward M. Mealy, John S.
Cushwa, Doctor Edward L. Boteler, Jacob E. Bell and
John Shearer be and they are hereby appointed com-
missioners under the direction of a majority of whom
subscriptions may be received to the capital slock of said
Valley Bank of Maryland at Hagerstown, and they or

Commission-
ers named.

a majority of them may cause books to be opened at
such times and places as they may direct for the purpose
of receiving subscriptions to the capital stock of said com-

Books to be
opened.

pany after having given such notice of the times and
places of opening the same as they may deem proper,
and that upon the first opening of the said books they
shall be kept open for at least three successive days,
from ten o'clock in the morning until two o'clock in the
afternoon, and if at the expiration of that period such a
subscription of the capital stock of said company as is
necessary to its corporation shall not have been obtain-
ed, the said commissioners, or a majority of them, may
cause the said books to be opened from time to time,

Notice to be
given.