964

LAWS OF MARYLAND.

ration is located. But this section shall not apply
to any railroad company chartered by this State.

Dissolve.

Sec. 186. And be it enacted, That whenever the
Directors, Trustees or Managers of any corpora-
tion, or a majority of them, shall, for any reason,
deem it beneficial for the interest of the stockhold-
ers or others interested in said corporation, that
the same should be dissolved, they shall call a
general meeting of the stockholders, shareholders
or members of the corporation at such time and
place, and after such notice as the by-laws of said
company shall prescribe for that purpose, and if
at such general meeting a majority in interest of
all the stockholders in any corporation having a

General meet-
ing.

capital stock, or a majority of the shareholders or
members in any other class of corporations, shall,
by their votes, declare their wish that said corpo-
ration shall be dissolved, a bill for its dissolution
shall forthwith be filed in the name of said corpo-
ration and on its behalf in the Circuit Court of
Baltimore City, if its principal office or place of
business of said city, or in the Circuit Court of the
county in which its principal office or place of bu-
siness may be situated.

Dissolution.

Sec. 187. And be it enacted, That every such
bill shall contain a statement of the reasons why
the dissolution of the said corporation is prayed
for and sought, and there shall also be filed
with it —

Inventory.

First. A full and true inventory of all the as-
sets of such corporation, and of all the books, se-
surities, and vouchers relating thereto.

Capital stock.

Second. A true account of the capital stock of
such corporation, and a list of all the stockholders,
their residences, and the number of shares belong-
ing to each, the amount paid on each of said shares,
and the amount still due.

Incumbrances
and creditors.

Third. A statement of all the incumbrances on
the property of the corporation, and a full list of
all its creditors and their respective residences, and
the amount due to each. All of the said state-
ments shall be verified by the oath or affirmation
of either the President, Treasurer, Secretary, or
some other chief officer, or of some stockholder of
the said corporation.