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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2654   View pdf image (33K)
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ODEN BOWIE, ESQUIRE, GOVERNOR. 115

CHAPTER 86.

AN ACT to incorporate the Real Estate and
Savings Bank of Baltimore.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That George H. Miller, William H.
Perkins, George P. Thomas, James Owens, Lewis
Turner, William Ortwine, George H. Williams,
George M. Ehrman, C. Devries, James A. Gary,
Charles Markell, J. P. Ammidon, James H. Hogg,
A. H. Greenfield, and the subscribers to the stock
of the corporation, he and they are hereby de-
clared to be a body politic and corporate by the
name and style of the Real Estate and Savings

Incorporation

Bank of Baltimore, and by that name shall have
perpetual succession, and be capable in law to sue
and be sued, plead and be impleaded, answer and
be answered, defend and be defended in all courts
of law and equity, or elsewhere; to make and use
a common seal, and the same to alter or renew, to
purchase, hold and dispose of real, leasehold or
personal property, and to advance money to its
members or others for a like purpose, to borrow
money and create loans for the purpose of ad-
vancing upon buildings and lands, and for such

Powers.

other purposes as may promote the interests of the
corporation; to receive deposits of money and
allow such interest thereon as may be agreed upon,
and generally to do all things relative to the ob-
jects of the corporation, which now is or may be
lawful for any individual or body politic or corpo-
rate to do, but nothing herein contained shall au-
thorize the issue of any note or other evidence of
debt to be used as currency.

Receive de-
posits.

Sec. 2. And be it enacted, That the capital stock
shall not exceed three thousand shares of the par
value of three hundred dollars each, the number
of unredeemed shares outstanding at any time to
be regulated by the Board of Directors. Each
share sold shall pay such entrance fee as the by-
laws may prescribe, and a weekly installment of
one dollar, and said instalment shall continue to
be paid until the holder thereof shall have paid its
par value or until the instalments and the accre-
tions arising therefrom shall equal the par value,

Capital stock.

 

 

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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2654   View pdf image (33K)
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