The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1910-07-15
THE HAVRE DE GRACE
BANKING AND TRUST
COMPANY.
CHAPTER II.
Published by Authority

CHAPTER IL
AN ACT to incorporate 1.-THE llnvre lie
Grace Banking and Trust Company. :"
SECTION |. lie 1t enacted by the Gen
eral Assembly of Mary land that Murray
Nandiver. James II. Fahey. Isaac Ilecht.
David A. Fisher. Bernard Levy. Joseph
c. Parker and Lee Iiecht, and all other
persons who shall hereafter become stock
holders in the Company he,eby incorpnr
ated. shah he "A body corporate by the
name and style Of THE llavre de Grace
Banking and Trust Company. and b,
that name shall have perpetual success
sion and sue and he sued In any Court
whatever.
SRcTlnN 2. And he 1t enacted, that
the capital stock OF said Company shall
consist Of five hundred shares oi Fifty
Dollars each. with the privilege to il
crease the same from time to time. by
vote ~ the ckholders at "A specihl net
ing or meetings to be called tor that pur.
posc 10 n sum not exceeding Two Hun
dred and Fifty Thousand Dollars; and
the incOrporators, or n majority oi them
name Ia this Act, shall have power to
opcn books Of subscription at such times
aud places az they may deem expedicnl
aud they shall have power To compel all
subs ,ribers to said stock tn subscribe and
pay therefor ut par. nr at such SUM
uhnvr par as they may decide. and when
all oi said Five Hundred sha ares shall have
been subscribed. and when fifty per
centum thereon has b,cn paid in. the
stock holders may elect eleven directors
In serve untilt he ensuing annual election,
or until their successors have been duly
elected and qualified; and the directors 81
elected Of said Company. when II shall
have been organized, may, aud they are
hereby authorized and empowered. Ia
have and To exercise In the name and On
behalf Of the Company. all rights and
privileges which are int u1cd Ia he here.
by pivcn; and should the capital stock
from time to time. or at any time ~
times I've Inc - ,ed he stoC khuldersa AT hi
time ut such iLCrrasr 81 increases shall he
entitled To subscril e Ia n pro rata share
al such Increase ~ increases upon he
pa, mrnt ii such price at ar or above
par Tor said stock M may he determined
upon by II vote oi the majority OF stock
holder, OF the said corporation at the
time al such incrt as or increases aud IN
case OF the failure Of any oi the stock
holders to subscribe and pay ior Their
pro rata share of said stock at the price
named In the said resolution or resnlu
tons, land within the time limited and
fixed under said resolution or resOluti onsI
thea the Board Of Directors shall have
the power to 1t said stock for cash to
such persons or corporation rs they may
see fit, not, however. under price fixed in
said resolution or resolutions
S,CTIoS g. And he 1t cnacted, That
the directors shall he elected annually by
The stock holders ON the second Tuesday
In July Of every year, nm ! the Directors
shall elect at the first meeting Of the
Board after their election, ns pre-
schbth by the second section al
this Act, and after all subsequent eltC.
tons, u President and such Vice prcsi
dents M they may see fit; and shall also
have power To elect "A Secretary or such
assistant sccTrinf lies and treasurer 81
such ns ,istant trrhsurcrs ns they may
see fit, and said Secretary and Treasure
may hr one person. and any assn mi
secretary or treasurer may he one person,
and to app lint and employ such Other
officers clerks and agentsas the business
oi he said { oinpany from time - time
requires, all elections shall he by ballot.
and at such annual me things OF the stock
holder, and all other meetings Of stock
holders every stock holder shall he en-
titled to one vote for every share III
stock held by him, hut no person shall
he eligible ~ director who isnot n stock
holder 10 the amount Of five shares ii
stock
SECrIoS 4 And he 1t enacted, That
the said COMPANY shall have power To
receive and hold on de p Isit, IN trust and
as security and estate or property, real
personal or mixed, including cash. notes
bonds and obligations Of States, Com.
panica, Corporations. and individunl1,
and the same to purchase. collect. adjust.
settle. sell and dispose oi and upon such
terms rs may be agreed upon bet wecn
them and the parties contracting with
them and said Company shall have
power to receive money subject to check
to buy and sell exchange, both domestic
and foreign, stocks, bonds, coin aud
bullion. and to lend money ON personal
or other security.
SpcTnN r. And I've u enacted, That
the said Company IT, and Ii hereby
authorized to act m trustee in OF under
mortgage. bond or other instrum, ut oi
evidence Of debt issued by any municipal
ity, body polite or corporation oi the
United States Of America or Of any
STATE, or Of any one Of the 'nited States,
or nf any colony. province or dependency
Of the United States. or of any foreign
country or government. or any colony,
proyincc. department. city or cour4y III
any foreign country; and to accept aud
execute trusts Of every description ns
fully as "A natural person could which
may he committed or transferred with
it's consent to It by any person or persons
wh0msoe yer. bodies corporate or polite,
whenever dOmiciled, organized or doing
business, or which may he committed to
it by any Court In the State III Mary
land Ia the United States. in any one 81
the States Of the United States, or In
any colony, province or dependency 81
tie United States. or which may be
committed to II by any court in any
foreign country or government, or in any
colony, province. department. city or
county Of any foreign government, and
to accept the Office and appointment 81
executor or administrator Of any kind OF
nature Whenever such Office or appoint.
ment 10 made by any person or persons
nr by any Orphans Court or other Court
either Of the State Of Maryland or any
other State. or Of the United States, or
Of any colony, province. or dependency
Of the United States or offOreign country
or government or Of any colony, pro
vince, department, city or county oi any
foreign government; and that In all cases
where application shall be made to any
Court Of this State or any other State oi
the United States. or Of any foreign
country or government, or Ofany colony
province. department. city or county Of
any foreign government for the appoint.
ment Of any receiver. curator, trustee,
ad administrator, executor. assignee, guard
Ian, committee or any other fducary. il
shall and may I've lawful for such Courts
II it shall think fit. TO appoint "fh,
Hayre de Grace banking and Trust Com
pany," with the assent. such receiver
curator trustee. ADM nistratO Or executor
assignee, guardian, committee or Other
fiduciary, and the accounts Of said com
pany, as such receiver. curator, Trustee
administrator, executor, a ssignee. guard
ian. committee. or the Judiciary, shall b,
regularly adjusted and st tied before tn,
tribunal having jurisdiction thereof. and
upon such settlement and adjustment al
proper, legal and customary charges
costs and eYpenses shall be allowed tf