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Session Laws, 1906 Session
Volume 479, Page 634   View pdf image (33K)
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634

LAWS OF MARYLAND.

CHAP. 347
Preamble.

WHEREAS, The Pocomoke City Building and Loan Asso-
ciation of Pocomoke City, Maryland, was incorporated under
the proceedings of the Code of Public General Laws of this
State relating to the creation and regulation of corporations,
and is desirous of shortening its name, extending its privi-
leges and enlarging its powers; therefore,
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the name of the said corporation be and the same

Name changed

is hereby changed from " The Pocomoke City Building and
Loan Association of Pocomoke City, Maryland," to "The
Pocomoke Building and Loan Association," and by that
name said corporation shall have and exercise all the powers,
privileges and functions which were heretofore conferred
upon or possessed by said corporation under and by its
former name, and all the property, real, personal and mixed,
owned by or vested in said corporation under its former name
shall, upon the passage of this Act, belong to and vest in
the said corporation under its new name, without convey-
ance, assignment or transfer, and all mortgages, debts and
obligations held by or owing to said corporation under its
former name shall vest in and be enforceable by said cor-
poration under its new name, and all conveyances made by
or to said corporation, and all other contracts made with it,
and all other acts of every nature and kind done by said
corporation, in exercise of its corporate powers and functions

Force and
effect.

under its former name, shall have the same force and effect
as if done under its new name, and all contracts made, liabili-
ties incurred and obligations assumed by the said corpora-
tion under its former name shall be enforceable against it
under its new name.
SEC. 2. And be it further enacted, That the Pocomoke

May possess
certain
rights,
powers,
privileges,
etc.

Building and Loan Association shall have and possess all
the rights, powers, privileges and franchises possessed by
the said corporation under its former name, under and by
virtue of its certificate of incorporation and under the
general laws of this State, and shall have and possess in
addition thereto all the powers, rights, privileges and fran-
chises particularly conferred in this Act.

Perpetual suc-
cession, etc.

SEC. 3. And be it further enacted, That the said corpora-
tion shall have perpetual succession, and may adopt a con-
stitution and by-laws for its government, and may sue and be
sued by its corporate name, and may have a corporate seal
and may alter the same at pleasure.



 

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Session Laws, 1906 Session
Volume 479, Page 634   View pdf image (33K)
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