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Session Laws, 1849
Volume 613, Page 485   View pdf image
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PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

will, and to convey the same, by deed, to be executed,
acknowledged and recorded according to law.

CHAPTER 370.

CHAP. 379.

An act to incorporate the Merchants Mutual Exchange
and Banking House.

Passed
March 5, 1850.

WHEREAS, the experience of the different commer-
cial cities of the United States, for several years, have
fully evinced the utility of well regulated Exchange
and Banking Houses.

Preamble.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the petitioners, namely, William
Reynolds, J. Wilson, Victor Vallette, Robert Camp-
bell, Hamilton Easter, John Wilson, W. B. Canfield,
O. Tiffany, junior, Samson Cariss, Robert Howard,
R. McEldowny, Upton Slingluff, Joshua Royston, C.
D. Slingluff, John Dallam, and all others who may
become stockholders of the company hereby incor-
porated, their successors and assigns, be and they
hereby are created and made a body corporate and
politic, for the purpose of general exchange of foreign
money, collections of notes and drafts, and other ex-
change and banking business, by the name and title
of Merchants Mutual Exchange and Banking House,
and by the name shall be, and hereby are empowered
to purchase, receive, have, hold, possess and enjoy to
themselves and their successors, lands, tenements, he-
reditaments, goods, chattels and effects of every kind
and nature that may be necessary or convenient for
the business of said corporation, and the same to grant,
alien, sell and dispose of, to sue and be sued, plead
and be impleaded, in all courts of justice, to have and
use a common seal, and the same to change at plea-
sure, and to ordain and put into execution such bye-
laws and regulations as they may deem proper for the

Incorporated,
etc.

well ordering of said corporation and its affairs; pro-
vided, they be not repugnant to the laws of the United
States, or of this State, or to the provisions of this act
of incorporation.

Proviso.

Sec. 2. And be it enacted, That the first named six
persons shall be the directors of said company, until
the first Wednesday of January, eighteen hundred

First directors.



 
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Session Laws, 1849
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