The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1868-06-26

shall fail to appear during the term or rule
day for the return of process, to which such
process shall be returned, or by the second
day of the succeeding term or rule day Tor the
return of process, judgment by default shall
! be entered against such corporation, ana tne
amount of the claim of the plaintiff shall be
ascertained by jury of inquiry or otherwise
as in other cases of judgment by default
Sec. 214 And be it enacted That when q
Judgment has been recovered against cor
poration and an execution on such judgment
returned nallla 5ona, the person or body cor
porate entitled to such judgment may file a
bill in equity against all or any. persons who
may be in any manner indebted to said cor
poration, either for the stock thereof, or on
any other accounts and ifthe court shall find
such person or persons to be indebted to said
CORPORATION, decree shall pass directing such
person so found to be indebted to bring the
money into court to be distributed rateably
among the creditors of such corporation in
the same manner that distribution is made on
creditors bill; and any of the defendants to
said bill may pray trial at law of any issue
of fact in said case, which issue shall be sent
to court of law for trial and the complain
ant may require by said bill or by another
bill the officers of such corporation to discov-
er under oath who are indebted to said cor
poration, and the amount and consideration
of such Indebtedness, and for the purpose of
such discovery, all or any of the officers of
said corporation may be made defendants,
and any of the parties in said causes shall be
entitled to an appeal, as allowed in cases in
equity; and the said bill may be filed in the
Circuit Court of any county in which any of
the Directors of such corporation reside,
or in the county in which said corporation
last had its principal Office or place of
business, or in the Circuit Court of Baltimore
city, if any of said Directors there reside, or
if said corporation last had in said city its
principal Office or place of business.
| Sec 215 And be it enacted, That it shall be
sufficient in any suit, pleading OF process eli
ther at law or in equity, or before any JUS
tice of the Peace, by or against any joint
stock company or association, to describe the
said joint stock company or association by
the name or title by which 1t is commonly
known, or by OF under which its business is
transacted.
Sec. 216. And be it enacted That all cor
porations heretofore formed under the gener-
; oil laws of this State, relating to corporations
or under any special law, are hereby declared
to be entitled to the benefit of, and to be SUBJ
tect to all the regulations in this Act contain
ed for the government of the corporations
herein referred 10, so far as the same be ap-
plcable to said several corporations hereto
| lOTC IOTDlGu US dlOlCpdlO, pHull allSO udfC
the benefit and be subject to the processes,
remedies or proceedings by this Act authori-
zed to be taken by OF against the corpora
tons herein referred to, so far as the same be
applicable to the several corporations hereto
fore formed as aforesaid. .t.
Sec. 217 And be it enacted, That no rail
road or mining company formed or organi-
zed under any of the provisions of this State
or which have organized under any existing
laws, charter, or Act of the General Assem-
bly, of this State, shall own, conduct or carry
on any store, or have any interest in any
store, or receive any portion of the profits
thereof; nothing herein contained, however,
shall prevent the employees of any corpora
ton from forming cooperative stores.
Sec. 218. And be it enacted, That any rail-
road company incorporated under the Laws
of this State, may own and operate any line
ofsteamships OF steamboats,, or may subscribe
to or hold the stock of any company owning
and operating such steamships or STEAMBOATS,
where such steamships and steamboats, can
be used wholly or in part in connection with
the business Of said railroad company.
| Sec. 219. And be it enacted, That every
corporation incorporated under the laws of
this State, which has the power to issue
bonds as evidences of Indebtedness and to Sc
cure the same by mortgage of the property
of such corporation, or which has the power
to obtain money upon mortgage may, when
ever in the judgment of said corporation it
is cxpedent so to do, in place of issuing such
bonds and securing the same by mortgage
of the property of the said corporation, OF in
stead of obtaining money upon mortgage, is
sue preferred stock for any amount for
which the said corporation may be authorized
to issue its bonds, or for any amount for
which the said corporation may be authori-
zed to obtain upon mortgage Of its property
and may dispose of the said stock by sale, on
such terms as it may prescribe, or by permit
ting the same to be subscribed for, as in the
Judgment of said corporation may be deemed
expedient, and every corporation creating
such preferred stock as aforesaid, may exc
cute an agreement under SEAL guaranteeing
to the purchasers Of or subscribers to such
preferred stock, perpetual dividend of six
per centum per annum, out of the profits of
the said corporation, payable yearly or half
yearly, as said corporation shall determine,
before any dividend is distributed to any of
the stockholders of the said corporation 9TH
er than the holders of said preferred
stock so created, and the holders thereof
shall have all the incidents, rights, privileges
and immunities, and liabilities to which the
capital stock of said corporation or the hold
ers thereof may be entitled, or subject; pro-
: vided, however, that no corporation shall ex-
,, the creation of the said preferred stock shall
stockholders of said corporation
Sec. 22O. And be it enacted, That this Act shall
, take effect from the date of its passage.
Approved March 80, 1863 'b' .1 ..
-. ..ass. isl. THOMAS SWAMI,
Ii iunl2-lt Governor