Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1868-07-30
m saiaia,n n y oesgrsg fsls Ica - %
IN Advances
may reside, and upon the "a sg ii 81 any sse6
hill tho court in,yr h;Jh fsrShafl 1nSf f1Sd Rl9sI

NAV reside and mon tbe "a AI;x q ass Mi
bill, the , court h inaTSsa % M isshafi bss1isa sSR
have power to issue. the iajupctieN AtleE Aes
fore or after hearing, and under and on. such
terms as il may prescribe, and 4enet4l yiSASH
have and exercise all the powers of cemrtsAf
equity over the subject matter of said bin, aGd
all provisions of the laws Of this State, rel6ting
to the granting; continuing or disso living x6f
injunctions in other cases, and providfH9 fE
appeals to the Court of Appeals, which bs
applicable, shall apply to proceedings had M
der this sectioh.e 3sIs es7Fl@5o os E"sssq y7sss
Sec. 1856. And be it enacsed, That wHetAeseF
any corporation in this. State shall h6Se bee64
determined by legal proceedings To be ms fyent1
it shall be deemed to havetsufrende it, e69y
porate rights, privileges and ff6hS Hiss affe
may be adjudged to be dissolved nahef fE4safs
ing according to the practice Of courts ofe4ni..
ty in this State, upon bill fled for PdfS
pose in the Circuit Court of Baltim6fe city, n
the principal Office Of said corpofati6h isifoS&s
ted therein, or in the Circuit Court Of tiny ySouhs
ty, if the principal office or place of1us1neSyo4
said corporation be therein l0cStedss tn6s
certificate Of its Incorporation be recordel5b
in, and such bin may be filed by gpY stock.
ration, Of BY the ATTORNEY, Gensral ef thAStat&
of Maryland, Or BY the States Attorney. Of the
city or county in which shsptihcipSl SficesS8
said corporation is located d-.a But this secsipt1
sna shall not 10 az. apply t. any railroad ss sfss
Sec. lsS. And be it enacted That EleaevsM
the directors, trustees or managers OF any cor.
poratioh, or a majority of them, shAIla0E 1h5e
reason deem m it beneficial Il fos the intessataf tie
stockholders or others, interested IN the said
corporations, that the same III dissOl$So4
they shall call q general peetipGoG the At9ckn
holders, shareholders orsilembers of tie cofpe.
ration, at such time and places and aftef A1b8
notice as the bylaws of said, company sshau
prescribe for that purpose; and II at sueh gen.
stockholders in any corporation having q capis
tai stock, or a majority of the shareholders "
members in any other class Of faedrpoes9Snss
shall by their votes declare their wish that said
corporation shall be dissolved, abiil for ifs dis
solution shall forthwith be fledsin the peipe II
said corporation, and on its behalf in the Cir:
cult Court Of Baitirnore city, N fS Apffhcfpaf
Office ior place Of business shall be asAia eisys
its principal office or place ~ business may bt
situated. ..,,-.t...,; IL Eas v.iHts;,i IssibsE
Sec. 1877. And be it enacted, That every.
such bill shall contain 4 statement eJf the feagE
sons why the dissolution of the sAn1HofposaA
ton is prayed for aud sought, and there shall
alst, be: filed withit: ;,asrab.au MA
1.t. A full and TRUE inventory Of all the as
sets fIsteh cofporsfi"n, and of all Tie. bodky,s
securities and youcbefs relating theset6asr al
End A true,accepnt Of The capital stock nf
such corporation, and 4 list Of an the stock.
holders, their sesideIscss, s6d f6s yi1ambef ~
.|shares be3pngipg tAyeAch: th4 AmeS 5eijlnse
leach of said shares and the = kliI die
i8rd.. A statement Of alls tie iiGcd6ib bf ahces
on the property ofsthe corporation, ssdsaffUlf
list Of all its creditnrs, and thsirs reapeQtjvN
residences, and the amount due to each all
ofthe saia statements slialf be Verified sOyt thS
Ioath or affirmation of either the p1sill58sa
treasurer, secretary or some other Chief officer;
or Of some stakeholder Of The said corpora
ltion. ts5et 2ff9ia1tffI 9oaLEfu a@IHz95 b5s
| Sec. 1873. And be it enacted, That surru
the filing Of said bAh Ahsaccompanied by the
aforesaid papers. the court shall llipass ano63er
requiring all persons interested in such core
poratioiis to show cause, If any they have
why s,ich corporationlshauldno not be di@voased
ON or before q certain day, to be .nAmedgi6
said order, which order shall be- published for
such time as the cnnft shall direct, I'd soif5S
newspaper ipgblishsd ia. the county " cityJH
Baltimore, as the case may be; in Fhifh.speh
lcotlrt is held and upon any answer Being
filed to the said bill byany creditors of st6UxS
holders Of such .coEporatiops tho edurt sAusE
authorize evidence to be taken. on apDlicaeion
of the complainants Or DEFENDANTS, ID thc
manner uauaiIiu courts ofsquitg eassl I'd
Sec. 189. And be IL enacted, That If the
court shall upon considemtiol H TIL TN or
of the bill answers and pro9s if,ansmers heya
been filed or proof taken, be Of opinion that
the corporation is ins,,ivent, or that AeSasIys
reason q dissolution Of the said dzcoyeoe&tiar
will be beneficial to the stockholders and NOT
Injurious to the public Interests asdecftes ssbaf
be entered dissolving the said corporation, Snd
appointing one oriuiore receivers Of ITS Jslkte
aud effects; and such, corporation eahal theesg
upon be dissolved; any.of the directors, ,ff1s.
tees, managers or other officers, or ahy Uf tliG
stock holderssof any corporation tnnay b 3lae
pointed its receivers, or such other erspekspAtpr,
persons as fhe court may select.
Sec. 100. And be i enacted, That -Nhers
receivers Of the estate Or elects 81 any e6Fpo-
ration shall be appointed BY q comt; uiodaa6
before the dissolution Of any corpoFatiph, shex-
shall be vested with al the .esfate and sssets
Of every kind belonging to such e0ifferae6H
from the time Of theirq rquaifyipg asrrehsase1a
and shall be trustees thereof for the heae6t Of.
the creditors Of such corporation and 1ts stock
holders, and they s6all sfrucsst r~4sdased
the affairs efsuch eorpsratien ppdsf the2iseeds
ton of the court by which fhsK shall have.
been appointed; and s6an favs an pcaefP
which shall BE- necessary fds'thstFssf fbsdt 10
Sec. l9ls Apsl,be il endcted r4sistmN sDwm
assignments, transfers. mortgages Or otheEdisa.
positions Or conveyances OF any part of tie
assets of the corporation, made Sftef tE6 6ll6eE
If bill for dissolution thereof, under the
provisins Of This articles aoth al sj61gBAts
confessed by said, corporation sflsr that Tina,
shall be absolutely void, as fgaihst tie saSf
receivers eAfssa, 1919 saT -asSw $50 20
Sec. l92.,,And be il apaessl. - 1bakapsaijsss
solution of any corporation shall relieve its.
stockholders from the OBLIGATIONS apd lia6liles
ties imposed on them, by the 59th section of
this articles and If the said tcofp Ton slAll
be dissolved tbeIoreitscspiial alnock saaljshas2
been Paid ins the liability Of its Stockholders
shall continue to the receivers or to Ehe credi.
tors Of The corporation, who lweFS s6cA Aa67RHH
to its dissolution. in all respects as if the sn.s
had not been dissolyed.s.
Sec. Iceland b j epactA, Hs4twnpu
the dissolution, 10 any ,manper. not othe1riae,
provided for, Of any cofpofatioh cfeatssYY
or TO .bei cseated u6dsr sSses AwSi Sfsa6Wn
State. and unless othssupesops shsll ybeAnvr
pointed by some court of competent autho,
co"tinueS on fourth pqge.l