The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1910-07-22
THE HAVRE De GRACE
BANKING AND TRUST
COMPANY.
CHAPTER II.
Published by Authority

CHAPTER II.
AN ACT to incorporate THE Ilavre tie
Grace Banking and Trust Company"
SECTION !. lie II enacted by the Ten.
raj Assembly of Mary that Murray
Nandiver, James II. Fahey. Isaac llecht,
David A. Fisher. Bernard Levy, Joseph
=, Parker and Lee ], Hecht. and all other
ersons who shall hereafter become stock
folders 10 the Company hereby incorpor.
tied. shall be body corporate by the
name and style Of The Havre de Grace
ianking and Trust Company" and by
hat ma ne shall have perpetual success.
ion an1 sue and be sued In any Court
whatever.
SECTION 2. And he It enacted, that
he capital stock Of said Company shall
consist Of five hundred shares oil l'iity
DOLLARS each. with the privilege to ia
tease the same from time to time, b,
Iote of the stock holders at specinl meet.
~ or meetings to be called tor that pur.
,ose to a sum not exceeding Two Hun.
ired and Fifty Thousand Dollars; and
he incorporators. or ma ority OF them
name In this Act, shall have power to
Ipcn books of subscription at such times
aud places rs they may deem expedicnt
md they shah have power to compel all
subscribers to said stock to subscribe aud
pay therefor at par. or at such sum
above par as they may decide; and when
all of said Five Hundred shar, shall have
,een subscribed. AMI when fifty per
centum thereon has been paid IN. the
tock holders may elect eleven directors
tn serve until he ensuing annual election,
or until their successors have been duly
elected and qualified; and the directors 81
elected Of said Company, when il shall
have been organized. may, and they are
hereby authorized and empowered, to
have and to exercise In the name and on
behalf Of the Company. all rights and
privileges winch are intended to he here.
by given; and should the capital stock
rom time t. time. or at any time or
times he Increased he stock holders at the
time Of such increase or increases shallbe
.ntith d To sui scribe to Il pro rata share
OF such increase or increases upon the
JaN ment Of such price at par or above
par for said stock as may he determined
upon by IA vote at the majority OF stock.
holders Of the said corporation Mt the
dine of such incr ns. or increases and in
'ase Of the failure Of any Ut che stock.
holders to subscribe and pay Tor their
pro rata share OF said stock at the price
named In the said resolution or resolu.
dons. land within the time limited and
fixed under said resolution or resoluiions)
chen the Board of Directors shall have
the power to st II said stock for cash to
'uci persons or corporation as they may
Gee fit, not. however, under price fixed in
,aid resolution or resolutions.
StCTI0N 3. And be II enacted, That
the directors shall be elected annually by
the stock holders on the second Tuesday
in July OF every year, and the Directors
shall elect at the first meeting Of the
BOARD after their election. as pre-
schbsd by the second section Of
this Act, and after all subsequent cleo.
tons. Il President aud such Vice I'resi.
dents as they may see fit; and shall also
have power to elect a Secretary or such
assistant secretaries and a treasurer OF
such assistant treaaurers as they may
see fit, and said Secretary and Treasure
may be one person, and any assist ant
secretary or treasurer may I've one person,
and to app tint and employ such other
II the said Company from time to time
NV bhhlI NV Ihllbf,
and at such annual me things Of he NJ ock.
holders and all other meetings Of stock.
holders every stakeholder shall be en-
titled to one vote for every share 81
stock held by him. but no person shall
he eligible n, director who Ia not stock.
holder To the amount OF live shares 81
stock.
SECrloE 1. And I've II enacted, That
the said Company shall have power to
receive and hold on dc Up jsit. IN trust and
az security and estate or property. real
personal. or mixed. including cash, notes
bonds aud obligations Of States. Com.
paniea. Corporations. and individuals,
and the same to purchase, collect, djust,
settle. sell and dispose Of and upon such
terms Us may be agreed upon bet ween
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 and
bullion. and to lend money on personal
or other security.
SEcTnS5. And he II enacted, That
the said Company be and IL hereby
authorized to act az trustee Ia or under
mortgage, bond or other instrument Of
evidence Of debt issued by any municipal
ity, body polite or corporation OF the
United States Of America or Of any
state, or Of any one of the United States,
or Of any colony. province or dependency
Of the United States, or Of any foreign
country or government, or any colony.
province. department. city or county Of
any foreign country; and TO accept aud
execute trusts 81 every description M
fully rs n natural person could. which
may be committed or transferred with
its consent to Il by any person or persons
whomsoever. bodies corporate 0rpulitiC,
whenever domlciled, organized or doing
business. or which NAV be committed to
il by any Court In the State of Mary.
land. In the lIaited States, in any one oi
the States of the United States, or In
any colony, province or dependency Of
the llnited States. or which may he
committed to 1t by any court In any
foreign county or government, or In any
colony. province. departing mt, city or
county u any foreign government; and
TO accept the Office and appointment oi
| executor or administrator OF any kind or
nature wheueve such Office or appoint
ment 10 made by any person or persons
| or 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
oi the United States or offoreign country
or government or Of any colony, pro.
vince, department. city or county Of any
foreign government; and that In all cases
where application shall be made to any
Court OF this State or any other State Of
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.
n,ent Of any receiver. curator, trustee,
administrator, executor. assignee, guard:
ian, committee or any other fiduciary, II
shall and may be la wful for such Courts
u II shall think fit, to appoint THE
Havre de Grace Banking and Trust Com
pany." with the assent. such receiver,
curator, trustee, administrator executor,
assignee, guardian. committee or other
iduciary. and the accounts Of said com.
pany, as such receiver. curator. trustee.
administrator, executor, assignee, guard
ian, committee. or the judiciary, shall he
regularly adjusted and settled before the
tribunal having jurisdiction thereof. and
upon such settlement and adjustment all
proper, legal and customary charges.
costs and ex peuses shall be allowed to
said Company for lite care and manage