PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

sociation upon security of real property, thereby ena-
bling such members to acquire real property, or to make
such estate most available to them while they may pre-
serve it for the benefit of themselves and their families;
and whereas, in advancement of these useful objects
it is important that the association should be made a
body corporate — Therefore,

CHAP. 198.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the persons above named and their
associates, and all others who shall hereafter become
members of the corporation, agreeably to the rules there-
of shall be and hereby, for the above recited objects,
are created, a corporation, or body politic, by the name
of the Baltimore German Building Association, num-
ber two, and by that name shall have succession, and
be capable to hold and dispose of property, real and
personal, and to sue and be sued, and to make and use,
and at pleasure to change, a common seal, and to do all
that may be needful to carry out the said objects of said
association, and the design of this incorporation.

Incorporated,

&c.

SEC. 2. And be it enacted, That until an elec-

tion shall hereafter be held for manages of the affairs of
said corporation the present directory, as constituted and
empowered under the constitution of said association
shall act in all the concerns of said corporation, and
that on the first Tuesday of every July hereafter, an
election by members of said corporation to be held as
may be regulated by bye-laws thereof, which may also
provide for the omission to elect on the day aforesaid,
and, meanwhile as may be directed by the said constitu-
tion, shall be held for a president, vice-president, nine
directors, a secretary, and a treasurer, to serve for one
year or until a new election shall be held, and together
to form under the name of the directory a body for the
government, and to exercise all the powers of the said
corporation under such rules and regulations as said di-
rectory may from time to time establish, the power be-
ing hereby given to said directory to make bye-laws,
and rules and regulations for said corporation, and in
respect of its objects and interests, and to appoint and
provide for compensating officers and agents, by the
directory useful for the corporate business and purposes,
to take security by bond or otherwise from the treasurer,
and other officers of or under said corporation for faith-
ful discharge of duties, to regulate and secure the levy-
ing and receiving, and the care and investment and ap-
plication of contributions, from the members, and the
rate and amount of contribution, to provide for the in-
crease of contributions in certain cases and for the di-

Duty of present
directors.