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

corporations are in this Article directed to be
acknowledged and, recorded.
Sec. 81. And,te it enacted, That any five or
more PERSONS citizens Of the United States, and
majority of them citizens of this State, who may
desire to form a corporation for any of the pur-
poses hereinbefore referred, to-, shall make, sign,
seal and acknowledge before some officer compe-
tent to take the acknowledgment of deeds GER
tifcate in writing, in which shall be stated
l. The names infall and place of residence Of
the applicants. .t. s.....
8. The proposed corporate name of the corr
poration, which shall always include the name
of the county or city in which it may be form
ed. al iE ..a.. . 'Htu. erE
8. heobiects or purposes for which ineorpo-
ration is sought, the time of its existence not to
exceed forty years, and the articles, conditions
and provisions under which the incorporation is
formed. -a ..E
4. The place or places where the operations Of
the Corporation are to-be carried on, and the
place in this State in which the principal Office
of the corporation will be located.
8. The amount of capital stock Qf any, Of
the corporation, .. f.t
6. The number of shares of stock (if any,
and the amount of each share.
Z. The number of Trustees, Directors or Man
ayers, and their Names who shall manage
the concerns Of the corporations for the first
year.
Sec. 80: and be it enacted That when said
certificate is executed it shall be the duty of the
persons executing the same to submit it to one of
the Judges of the Judicial Circuit within which
the principal or any other office of said corpora
ton is, under said certificate, to be located, if it
shall be located in. one of the counties of this
State, or to one Of the Judges of the Supreme
Bench of Baltimore city, if the principal Office of
said corporation shall be located in Baltimore
city, in order that the said Judge may deter
mine whether thesaid certificate is in conformity
with the law.j F.,a
Sec. 80. And be it enacted, That if the said
Judge shall go determine, he shall certify his
said determination upon the said certificate
which shall thereupon be recorded in the office
ofthe Clerk of the Circuit Court, for the county
in which the principal Office of said corporation
shall by the terms of said certificates b e
located, if it shall be located in one of the
counties of this State; or in the Office of the
Clerk of the Superior Court of Baltimore city,
if the principal Office of said corporation shall
be located therein, and the said certificate shall
be recorded in q book provided for that special
purpose. q i..g'-H. W.. f..... 10
Sec. 40 And be it enacted, That when the said
certificate shall have been recorded, the persons
who have signed and acknowledged the same
and their successors shall, according to the OBJ
jects, purposes, articles, conditions, and provis-
ions in said instrument contained, become and
be body polite and corporate, in fact and in
law, by the name stated in such certificate.
Sec. al. And be it enacted, That a copy of
such certificate, or of any amendments thereto,
or of any paper relating to corporations, which
is required by law to be recorded, when certified
to be true copy by the clerk of the Court in
whose Office the same is recorded, under the seal
of his Office, shall be evidence in all legal pro-
ceedings and in all the Courts of this State.
Sec. AZ. And be 1t enacted. That if any alter
Oft Of tha arf;nloo ;a;o
of the charter of any of said corporations, shall
be made by the authority of the corporation,
such alterations or amendment shall be made
know n, acknowledged and recorded in the same
manner as prescribed in sections thirty seven
thrty-eight and thirty-nine, of this Article, and
after the said alteration or amendment shall be
recorded, the same shall be taken to be part of
the said charter or instrument as If the same had
originally been made part thereof
. Sec. 43. And be it enacted That the usual
fees for equal or similar services shall be receiv-
ed by the respective Clerks under this Article,
and all the expenses of procuring the charter Of
Incorporation, and recording the same, shall be
borne by the parties respectively applying there
for, and the date and fact of recording shall be
endorsed by the clerk on every original instru-
ment. ''''''.s '. ...I
Sec. "A. And be il enacted, That every corpo-
ration incorporated under this Article, shall
have the following powers, and be subject to the
following general regulations, except in cases
where the special provisions relating to any par
ticular corporation are inconsistent with the said
general regulations. tH. d. ..E .ri .l..t
Sec. As. And be it enacted, That any snch
corporation shall have power-lst. To have sue
cesson by its corporate name, for the period pre-
scribed by law or by the certificate evidencing
its incorporation, where the said certificate is in
accordance with law. ..,.....Ir..- t...s..,.
See. 46. 2nd-To sue and be sued, complain
and defend in any Court of Law or Equity.
Sec. At. 3rd-To make and use common
seal, and alter the same at pleasure.
Sec. 4s. 4th-To acquire by purchase or in
any other manner, and take, receive, hold, use,
employ, manage, dispose of or in any manner
not inconsistent with law, deal with any proper
ty, real, personal or mixed, and situated in or
out of this State, which may be necessary or
proper to enable the said corporation to carry
on the operations or fulfill the purposes named in
its certificate of incorporation, and generally to
do every other act or thing, not Inconsistent
with law, which may be necessary or proper to
promote the objects, designs and purposes for
which said corporation was formed ~ oi}
Sec. 40. 5tb--To appoint President of the
Managers, and to appoint such officers and
agents as the business of the corporation shall
require to allow them suitable compensation,
require security for the faithful discharge of their
duties, and regulate the tenure Of Office of the
said officers. ~.
Sec. so. 6th-To make bylaws, not inconsist-
ent with law, for the management Of its proper
ty the regulation of its affairs, and for the trans
fer Of its stock, if any such stock there be; for
the forfeiture of stock not paid for, and for dis
position Of the proceeds thereof, for the calling
of regular, special and general meetings Of the
Directors, Managers and Trustees of said corpo-
ration, and fixing the place or places where the
same shall be held, and to provide for all other
matters which may be regulated by bylaws,
and may from time to time repeal, amend, or
renact the same but every such bylaw, and
every repeal, amendment or re enactment there
of, unless in the meantime confirmed at a gener-
al meeting Of the company, duly called for
that purpose, shall. only have force until the
next annual meeting Of the company, and in de-
fault of confirmation thereof shall from that
time only cease TO have force. The stockholders
or members of the corporation may at any gen.
eral meeting make bylaws, which shall not be
rescinded by the Directors, Managers or Trus-
tees. via ~. ID, es e ...I.. eHr. .o-
Sec. 81. And be it enacted, That no corpora
ton shall possess or exercise any corporate pow
ers, except such as are conferred by law and such
rs shall be necessary to the exercise Of the pow
ers so acquired. a3g al. 81 II