34 CONVEYANCING—CORPORATIONS. [ARTS. 24-26.
ARTICLE XXIV.

Conveyancing.

1870, c. 346 enacts:

That all deeds of conveyance of property in this state, which may have been
recorded without any certificate of the clerk of any of the courts of this state accom-
panying the acknowledgment thereof, in cases in which such certificates are neces-
sary and proper, certifying to the official character and signature of the justice of
the peace taking the same, be and the same are declared to be valid to all intents
and purposes, as if such defect and omission did not exist; provided, that the execu-
tion and acknowledgment of such deeds, in all other respects, conform to the laws
of this state, in such cases made and provided, saving, nevertheless, the rights of
bona fide purchases and incumbrances without notice.

Approved April 4, 1870.

ARTICLE XXVI.

Corporations.

GENERAL REGULATIONS APPLICABLE TO ALL COR- PORATIONS FORMED UNDER THIS ARTICLE 220 When value of stock reduced by losses, how true value established 221 Meeting of stockholders- proceed- ings. RAILROAD COMPANIES 222. Who may form. 223 Certificate: what it shall contain: to be submitted to judge to be recorded evi- dence of certificate 224. Incorporated, powers. 225. May construct railroad 220. Capital stock shares to be personal property. 227 Instalments when payable. 228 How unpaid instalments collected 229 May increase capital stock 230 Subscription books directors: how chosen each share entitled to one vote, inspectors of election: majority to form board powers president oath 231 May purchase land, &c . how land, &c , condemned sheriff to summon jury inquisition to be reduced to writing and returned to court court may order new inquisition inquisition must describe pro- perty, &c. : tender of payment if jury fail to agree sheriff to summon new jury

232 May change road, not departing from general route damages notice. 233 How right to use streets acquired: proviso responsible for damages not to pass through Baltimore 234 Rates of toll 235 May borrow money 236 Right of way how deeds by com- pany executed: existing railroads may ac- cept 237 May cross road or stream 238 Establish office 239 Sign boards at crossings : penalty 240 Annual report 241 Plan of bridges over canals, &c, to be approved by board of public works: court may appoint engineer to report pro- viso height of bridges 242 Connecting companies may consoli- date: mode of consolidation, consolida- tion to be approved by stockholders notice 243 Agreement to be filed 244 Property and franchises vested in new company provisos rights of credi- tors. 245 Company may aid other companies lease or purchase connecting roads pro viso. stockholders to approve 216. Trains must stop at stations : penalty