582 CORPORATIONS. [ART. 23

within the limit or limits prescribed by law for the tenure and enjoy-
ment of such property or income, but has hereafter increased in value,
such benevolent or charitable association or corporation may lawfully
hold, enjoy, use and deal with the increased value of said property or
property derived therefrom, or with the increased income derived there-
from, for its said charitable and benevolent purposes in the same man-
ner and to as full an extent as it might have enjoyed, used or dealt with
said property or income, if the value of said property, or the amount of
income derived therefrom, had not so increased.

1908, ch. 240, sec. 77.

102. A stockholder of any corporation of this State may by agree-
ment in writing transfer his stock to any person or persons for the
purpose of vesting in him or them the right to vote thereon, for a time
not exceeding five years, upon terms and conditions stated, pursuant
to which such person or persons shall act. Every other stockholder,
upon his request therefor, may by like agreement in writing also trans-
fer his stock to the same person or persons and thereupon may partici-
pate in the terms, conditions and privileges of such agreement. The
certificate of stock so transferred shall be surrendered and cancelled
and certificates therefor issued to such transferee or transferees in
which it shall appear that they are issued pursuant to such agreement;
in the entry of such transferee or transferees as the owners of such
stock on the proper books of said corporation, that fact shall also be
noted, and thereupon he or they only may vote upon the stock so trans-
ferred during the time in such agreement specified; a duplicate of such
agreement shall be filed in the principal office of the corporation and
be open to the inspection of any stockholder, daily, during business
hours.

1908, ch. 240, sec. 78.

103. If the franchises and property of any corporation of this State
are sold under any judicial proceeding or mortgage, or deed of trust,
the purchaser or purchasers may organize a corporation for the con-
tinuation, operation, ownership and management of the same, and such
corporation, when organized, may acquire from such purchaser or
purchasers, and shall have and be entitled to exercise, the same rights,
privileges and franchises as have been granted to or acquired by the
former corporation; and shall be subject to all limitations, restrictions
and liabilities imposed upon it; and in addition thereto shall be subject
to all the provisions of this article.
As to railroads, see sec. 294.

1908, ch. 240, sec. 79. 1910, ch. 53 (p. 72).

104. Nothing in this article shall be construed to affect the pro-
visions of the Baltimore city charter or to repeal or change any of the
existing taxing laws of this State, except so far as the same are hereby
specifically changed; or to repeal or to change any of the public local