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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 171   View pdf image (33K)
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ART. 26.] CORPORATIONS. 171

114. The stockholder of every such association shall be jointly
and severally, personally liable for the payment of all debts and
demands against such association which shall be contracted, or
which shall become due during the time of their holding such
stock; but such liability of any stockholder shall not exceed
twenty-five per centum the amount of stock held by him.

115. No stockholder shall be proceeded against for the collection
of any debt or demand against such association, until judgment
thereon shall be obtained against the association, and an exe-
cution on such judgment shall have been returned unsatisfied in
whole or in part, or unless such association shall be dissolved.

116. The directors or trustees of any telegraph company
formed as aforesaid may, at any time, with the written consent
of the owners of two-thirds of the capital stock of such company,
extend their line of telegraph, or may construct branch lines to
connect with their main line, or may unite with any other incor-
porated telegraph company, with such capital stock and upon
such terms as may be agreed upon.

117. Any person or association owning any telegraph line
doing business within this State, shall receive dispatches from
and for other telegraph lines and associations, and from and for
any individual for transmitting dispatches as established by the
rules and regulations of such telegraph line, and shall transmit
the same with impartiality and good faith, under the penalty of
one hundred dollars for every neglect or refusal so to do, to be
recovered with costs of suit in the name and for the benefit of
the person or persons sending or desiring to send such dispatch.

118. Every person or association owning any telegraph doing
business in this State, shall transmit all dispatches in the order
in which they are received, under the penalty of one hundred
dollars, to be recovered with costs of suit by the person whose
dispatch is postponed out of its order; Provided, however, that
arrangements may be made with the proprietors or publishers
of newspapers, for the transmission for the purpose of pub-
lication, of intelligence of general and public interest out of its
order.

119. Any person who shall unlawfully and intentionally injure,
molest or destroy any of said lines, posts, piers or abutments, or
the materials or property belonging thereto, shall, on conviction

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 171   View pdf image (33K)
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