320 FORMATION, POWERS, AND REGULATION OF CORPORATIONS. [ART. 40.
 
|
to be recorded, when certified to be a true copy by the clerk of the
court, in whose office the same is recorded, under the seal of his
office, shall be evidence in all legal proceedings, and in all the
courts of this State.
|
Id s 42
Alterations or
amendments in
charter.
|
42. If any alteration or amendment of the articles or provisions
of the charter of any of said corporations, 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 sections thirty-seven, thirty-eight, and thirty-nine of
this article; and after the said alteration 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.
|
Id s 43
Fees to clerks.
|
43. The usual fees for equal or similar services shall be received
by the respective clerks under this article, and all the expenses of
procuring the charter of incorporation and recording the same, shall
be borne by the parties respectively applying therefor, and the date
|
To Indorse date
of recording
|
and fact of recording shall be indorsed by the clerk on every
original instrument.
|
Id. s 44
Powers and
general regula-
tions.
32 Md. 295.
|
44. Every corporation incorporated under this article shall have
the following powers and be subjected to the following general
regulations, except in cases where the special provisions relating to
any particular corporation are inconsistent with the said general
regulations.
O
|
Id s 45
Succession.
|
45. Any such corporation shall have power: First. — To have
succession by its corporate name for the period prescribed by law
or by the certificate evidencing its incorporation where the said cer-
tificate is in accordance with law.
|
Id s 46
Sue and be sued.
30 Md 142
|
46. Second. — To sue and be sued, complain and defend in any
Court of law or equity.
|
Id s 47
Seal
|
47. Third. — To make and use a common seal and alter the same
at pleasure.
|
Id s 48
Purchase, hold,
use, etc,
property, etc.
|
48. Fourth. — To acquire by purchase or in any other manner, and
take, receive, hold, use, employ, manage, dispose of, or in any man-
ner not inconsistent with law, deal with any property, real, personal,
or mixed, and situate in or out of this State, which may be neces-
sary or proper to enable the said corporation to carry on the opera-
tions, or fulfil the purposes named in its certificate of incorporation,
and generally to do every other act or thing, not inconsistent with
law, which may be necessary or proper, to promote the objects, de-
signs, and purposes for which said corporation was formed.
|
Id s 49
President, offi-
cers, agents, etc
Id s 50
By-laws
|
40. Fifth. — To appoint a president of the company from among
the directors, trustees, or managers, and to appoint such officers
and agents as the business of the corporation shall require; to allow
them a suitable compensation, require security for the faithful dis-
charge of their duties, and regulate the tenure of office of the said
officers.
50. Sixth. — To make by-laws not inconsistent with law, for the
management of its property, the regulation of its affairs, and for the
|
|
![clear space](../../../images/clear.gif) |