THOMAS H. HICKS, ESQUIRE, GOVERNOR.

285

so that the number of twenty-five trustees, shall
always be preserved.

SEC. 3. And be it further enacted, That said
board shall have the power to acquire by purchase
or otherwise, and to hold in and by said corporate
name of "The Peabody Institute of Baltimore,"
and for the purposes thereof, property, real, per-
sonal and mixed, and to convey and transfer the
same at pleasure.

Authorised la
purchase pro-
perty.

SEC 4. And be it further enacted, That all
property which said Institute shall ever hold or
possess, shall be free and exempt from all taxa-
tion of the city of Baltimore and the State of
Maryland.

Exempted from
taxation.

SEC. 5. And be it enacted, That nothing in this
act shall he construed, to confer banking privi-
leges on said Peabody Institute.

Banking pri-
vileges prohib-
ited.

SEC. 6. And be it enacted, That the investments
in real estate, by said Peabody Institute, autho-
rised by this act, shall not exceed in amount six
hundred thousand dollars.

CHAPTER 210.

Value of real

estate not to ex-
ceed six thous-
and dollars.

AN ACT to repeal the act of eighteen hundred
and fifty-six, chapter three hundred and fifty-
four, "entitled an act to incorporate the Patap-
sco Bank of Maryland."

Passed March
4, 1858.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the act entitled an act to
incorporate the Patapsco Bank of Maryland, pass-
ed March tenth, eighteen hundred and fifty-six,
chapter three hundred and fifty-four, be and the
same is hereby repealed.

Repealed.