1847.

LAWS OF MARYLAND.

CHAP. 88.

George M. Smith, William S. Browning, John A.
Thompson, John C. Smith, Lawson P. Keach, Charles
W. Keach, Wells Chase, Allen T. Lewis, Solomon
H. Phillips, James Matthers, James Macpherson, and all
other persons who shall become members of the Howard
Street Savings Bank, in the manner hereinafter mention-
ed, shall be and are hereby created and made a body

Name and
style.

corporate, by the name and style of the Howard Street
Savings Bank, and by that name shall have succession,
and be capable in law to hold and dispose of property,
to sue and be sued, plead and be impleaded, answer
and defend and be answered and defended in courts
of law or equity, and in any other place, to receive and
make all deeds, transfers, contracts, covenants, convey-
ances and grants whatsoever, to make, have and use

Common seal.

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,
or to promote the objects or designs of said corporation.

Annual Meet-
ing, &c.

SEC. 2. And be it enacted, That there shall he a meet-
ing of the members of said corporation on such day in
the month of February next, and at such place as the
seven persons first above named, or any four of them,
shall appoint, of which meeting they shall give at least
ten days notice, by advertisement in two of the public
papers printed in the city of Baltimore, and on such
day annually thereafter, and at such place as the bye-laws
of said corporation shall provide, for the purpose of choos-
ing from among the members twelve directors to manage
the affairs of said corporation for one year thereafter,
and until a new election of directors shall take place;

Proviso.

provided, that such election shall be made within one
month from the expiration of the term for which the
preceding directors shall have been elected, and the
seven members first above named, or any three of them,
shall be the judges of the first election of directors, and
the judges of all subsequent elections shall be appoin-
ed, and notice of such elections given, and the same
conducted in such manner as the bye-laws shall provide.

Duty of of-
ficers.

SEC. 3. And be it enacted, That the directors for the
time being, or a majority of them, shall have power to
elect a president from their own body, or from the other
members, to fill all vacancies that may occur in the di-
rectors or presidency, to appoint all such officers, agents
and servants as they shall deem necessary to conduct
or execute the business of the corporation, to fix their
compensation, and in their discretion, to dismiss them,