PHILIP P. THOMAS, ESQUIRE, GOVERNOR.

1849.

CHAPTER 506.

CHAP. 506.

An act to establish, a Bank and incorporate a Com-
pany, under the name of the Cecil Bank, at the
Village of Port Deposit, in Cecil County.

Passed Mar. 7,
1850.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That a bank, to be called and known by
the name of Cecil Bank, shall be established at the
village of Port Deposit, in Cecil county, and that as
soon as one thousand shares of the capital stock of
said company shall have been subscribed, the sub-
scribers thereof, shall and are hereby made a corpora-
tion and body politic, under the name and style of the
Cecil Bank, and by that name shall be and are hereby
made capable in law to sue and be sued, plead and
be impleaded, answer and be answerable, 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 pleasure, and to make, issue and negotiate promis-
sory notes, and generally to do and execute all such
matters and things as to them shall appertain, under
the provisions of this act.

Incorporated,
etc.

SEC. 2 And be it enacted, That the capital stock of
this bank, shall consist of one hundred thousand
dollars, money of the United States, divided into four
thousand shares, of twenty five dollars each.

Capital stock.

SEC. 3. And be it enacted, That Cornelius Smith,
J. J. Heckart, Samuel Rowland, Joseph W. Abra-
hams and James Evans, be and they are hereby ap-
pointed commissioners, under the direction of a ma-
jority of whom, subscriptions may received to the
capital stock of the said Cecil Bank, and they, or 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 company, 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
said books, they shall be kept open at least three suc-
cessive days, from ten o'clock in the morning, until two
o'clock in the evening, and if at the expiration of that
period, such a subscription of the capital stock of said
company as is necessary to its incorporation, shall not
have been obtained, the said commissioners, or a ma-
jority of them, may cause the said books to be open-
ed from time to time, alter the expiration of the said

Commissioners
to receive sub-
scriptions.