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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 151   View pdf image (33K)
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ART. 26.] CORPORATIONS. 151

16. If any alteration or amendment of the articles or pro-
visions of the said charter shall be made by the authority of the
corporation, such alteration or amendment shall be made known,
acknowledged, and recorded, in the same manner as prescribed
in the eleventh section of this article, and after the said altera-
tion or amendment shall be recorded, the same shall be taken to
be a part of the said charter or instrument, as if the same had
originally been made a part thereof.

17. So corporation formed under the provisions of this article
shall be authorized to exercise banking privileges, or to issue
any note, token, device, scrip or other evidence of debt to be
used as a currency.

18. The usual fees for equal or similar services shall be re-
ceived by the respective clerks under this article, and all the
expenses of procuring the charters of incorporation and record-
ing the same shall be borne by the parties respectively applying
therefor; and after the instruments of writing or articles of asso-
ciation or any amendments thereof, shall have been recorded,
they shall be duly certified to be recorded, and a copy of the
record shall be at all times as good evidence as the original.

CORPORATIONS FOR SELLING, LEASING AND IMPROVING LAND.

19*. The provisions of this article, from section ten to section
eighteen both inclusive, shall extend to and authorize the
incorporation of all associations for the purpose of the purchase,
improvement, and sale and leasing out of any land in any county
in this State, or in the city of Baltimore, but to such associations
the limitations contained in the said sections, as to the value or
income of property they as corporations may hold, shall not
apply, but the incorporated associations mentioned in this section
may respectively have a capital stock, divided into shares as they
may severally regulate to an amount not exceeding three hun-
dred thousand dollars.

FOR CEMETERIES.

20. When any seven or more free white persons, citizens of
the United States, and a majority of them citizens of this State,
shall associate themselves for the purpose of forming a cemetery
company, they may be incorporated and become a body politic,

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 151   View pdf image (33K)
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