PRIVATE ACTS. 1493

CHAPTER 676.

AN ACT to incorporate the "Western Real Estate Title and
Storage Company."

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Frank L. Stoner, D. Princeton Buckey, E. Stanton
Bosley, John D. Keller, Charles C. Eyler, and their associates
and successors, and all other such persons as shall hereafter be-
come stockholders in the company hereby incorporated, shall
be and they are hereby constituted a body politic and cor-
porate by the name and title of "Western Real Estate, Title
and Storage Company," and by that name shall have perpetual
succession and be capable in law to acquire and hold and in
any wise dispose of property, and to sue and be sued, plead and
be impleaded in any court whatever; to make and use a com-
mon seal and generally to do, execute and enforce everything
proper to carry into effect the provisions of this Act, or to
promote the objects and designs of the company hereby in-
corporated.

SEC. 2. And be it enacted, That the capital stock of said cor-
poration shall consist of one thousand shares at ten dollars
($10) per share, with the privilege of increasing the same
from time to time to five hundred thousand ($500,000) dol-
lars, and by a majority of the stockholders at a special meet-
ing or meetings to be called for that purpose, and the incor-
porators and a majority of them named in this Act shall have
power to open books for such subscriptions at such time and
place as they may deem expedient, and when one thousand
shares shall have been subscribed, and when fifty per cent,
thereon have been paid in, the stockholders may elect twelve
or a less number of directors to serve until the ensuing annual
election, or until their successors shall have been duly elected
and qualified; and the directors so elected by the said com-
pany when it shall have been organized, may and they are
hereby authorized and empowered to have and exercise in the
name and in the behalf of the company, all rights and privi-
leges which are intended to be hereby given, and should the
capital stock be at any time increased the stockholders at the
time of such increase shall be entitled to a pro rata share of
such increase upon the payment of the par value of the same.

SEC. 3. And be it enacted, That the directors shall be elected
annually by the stockholders on the third Monday of April,
and they shall elect from their number at the first meeting
of the board after their election, and after all subsequent elec-
tions, a president and one or more vice-presidents, and shall
also have power to elect a secretary and treasurer, and to