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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 536   View pdf image (33K)
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536 CORPORATIONS. [ART. 23

except where special provisions inconsistent herewith are made in this
article for particular classes, all corporations shall be formed in man-
ner following:

As to bridge companies, see sec. 125, et seq.

As to building associations, see sec. 134, et seq.

As to cemetery companies, see sec. 144, et seq.

As to gas and electric light companies, see sec. 149, et seq.

As to insurance companies, see sec. 152, et seq.

As to fraternal orders, see sec. 229, et seq.

As to mining companies, see sec. 245. ct seq.

As to railroad companies, see sec. 260, ct seq.

As to religious corporations, see sec. 339, et seq.

As to telegraph and telephone companies, see sec. 357, et seq.

As to surety and fidelity companies, see sec. 378, et aeq.

As to turnpike, road and passenger railway companies, see sec. 382, et seq.

As to water companies, see sec. 397, et seq.

1904, art. 23, secs. 14 and 50. 1888, art. 23, secs. 14 and 42. 1868, ch. 471, sees.

14 and 37. 1876, ch. 349. 1890, ch. 339. 1892, ch. 39.

1894, ch 557. 1908, ch. 240, sec. 3.

3. The incorporators, being any three or more adult persons, of
whom at least one shall be a citizen of this State, shall sign and acknowl-
edge before some officer competent to take the acknowledgment of deeds
for land situated in the State, a certificate in which shall be stated:

(a) That the subscribers thereto (giving their names and places of
residence) associate themselves with 1he intention of forming a cor-
poration.

(b) The name of the proposed corporation, which shall always be
such as to indicate that it is a corporation as distinguished from a
natural person or a partnership.

This provision shall be deemed to be complied with if the name of
the corporation begins with the word "the" and ends with the word
"company," or "corporation," or if the title shall contain the word
"incorporated."

(c) The purpose or purposes for which the corporation is formed
and the business or objects to be carried on and promoted by it.

(d) The place in this State where the principal office of the corpora-
tion will be located.

(e) The total amount of capital stock, if any, of the proposed cor-
poration and the number and par value of the shares; and the restric-
tions, if any, imposed upon the transfer of the shares. And if the
capital stock is to be classified under the power hereinafter granted.
the certificate shall state how much of said stock is to be preferred and
the preferences, voting powers, restrictions and qualifications of the
preferred stock.

(f) The number of trustees, directors or managers, which shall not
bo less than three; and the names of those who shall act as such for the
first year or until their successors are duly chosen and qualified.

(g) Any provisions which may be desired, for the purpose of defin-
ing, limiting and regulating the powers of the corporation, and of the

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 536   View pdf image (33K)
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