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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 847   View pdf image (33K)
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CORPORATIONS 847

An. Code, 1924, sec. 135. 1912, sec. 104. 1908, ch. 240, sec. 79. 1910, ch. 53 (p. 72).

134. Nothing in this article shall be construed to affect the provisions
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 laws of this State
other than taxing laws; or to authorize any corporation now incorporated
or hereafter to be incorporated to exercise any franchise for the furnishing
of light, heat or electric power within the city of Baltimore unless there-
unto specifically authorized by the Mayor and City Council of Baltimore,
and nothing herein shall release any corporation from the payment of any
tax or the performance of any obligation to the State or to any county or
city therein due or existing on the first day of June, in the year nineteen
hundred and eight (1908), or affect or change the remedy provided for
the collection or enforcement of the same. Nothing herein shall release,
affect or impair the rights of any creditor or creditors of any corporation
or the obligations or liability of any corporation or of any stockholder or
of any corporate office existing on the said first day of June, in the year
nineteen hundred and eight (1908) or the remedies to enforce or protect
the same.

This section does not except stockholders who subscribed for their stock before
June 1st, 1908, from the provisions of sec. 82, and does not interfere with the receivers
proceeding under that section. Hall v. Hughes, 119 Md. 490.

This section referred to in construing sec. 65 of An. Code 1912, repealed by acts
1920, ch. 545. Bettendorf, etc., Co. v. Field, 114 Md. 495; Pittsburg Steel Co. v. Balti-
more Equitable Society, 113 Md. 85.

An. Code, 1924, sec. 136. 1912, sec. 105. 1904, sec. 93. 1888, sec. 85. 1868, ch. 471, sec. 77.

135. Every corporation formed under the provisions of this article
shall be subject to any and all provisions and regulations which may here-
after, by any change in or amendments of the laws of this State, be made
applicable to such corporation.

This section referred to in deciding that a building association was liable on a note
discounted for the purpose of raising money to pay a borrower the amount advanced
to him. Davis v. West Saratoga, etc., Union, 32 Md. 294.

This section referred to in construing secs. 335, 401 and 409—see notes thereto. Kelly
v. Consol. Gas, etc., Power Co., 153 Md. 532.

An. Code, 1924, sec. 137. 1912, sec. 106. 1904, sec. 94. 1892, ch. 109, sec. 85A.

1910, ch. 219 (p. 6).

136. Every safe deposit, trust, guaranty, loan and fidelity company
or association incorporated under any law of this or any other State, dis-
trict or territory, the United States or any foreign countrv receiving money
on deposit or assuming any obligations in this State, shall semi-annually
on the last business days of June and December, respectively, or within
ten days thereafter, in each and every year, make a full report in writing
of the affairs and condition of such corporation at the close of business on
the last days of June and December, respectively, in each year, to the trea-
surer of Maryland, verified by oath, in such form and by such officers of said
respective corporations as said treasurer may designate, and such report
shall state the amount loaned upon bond and mortgage together with a list
of such bonds and mortgages, and the location of the mortgaged premises,
as have not previously been reported, and also a list of such bonds and mort-
gages previously reported, as have since been wholly or in part paid, and
the amount of such payments respectively; the cost, par value, and esti-
mated market value of all stock investments, designating each particular
kind of stock; the amount loaned upon the pledge of securities of whatso-


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 847   View pdf image (33K)
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