ART. 40. ] FORMATION, POWERS, AND REGULATION OF CORPORATIONS. 329
such at the time of its incorporation, or then laid down on any plat
made by authority of the State or city, town or county, to be opened
as a street or road.
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84. Every burial lot sold or conveyed in such cemetery shall be
held by the proprietors thereof for the sole purpose of sepulchre, and
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Id s 81
Burial lots in
cemeteries
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for none other, and shall not in any manner be subject to attach-
ment, or execution for debt, or affected by the insolvent laws of this
State, but the estate of the owner or owners in their respective lots
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Exempt from
execution, at-
tachment, etc.
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shall descend as real estate to heirs, may be devised by will, or may
be disposed of by the owner by sale, with the approval of the presi-
dent and managers of the corporation.
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Descent, devise,
or sale.
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85. A certificate (under the seal of the corporation) of the own-
ership of any lot sold or conveyed as aforesaid, shall in all respects
have the same effect as any conveyance from such corporation of
said lot would have if executed, acknowledged, and recorded as con-
veyances of real estate are by the laws of this State required to be.
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Id a 82
Certificate of
title under cor-
porate seal
39 Md 631
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HOMESTEAD OB. BUILDING ASSOCIATIONS.
8 6. Any such corporation formed under the provisions of this
article shall have power in its certificate of incorporation to limit
the number of shares which each stockholder may be allowed to
hold; to prescribe the entrance fee to be paid by each stockholder
at the time of subscribing; to regulate the instalments to be paid
on each share; provided, the same shall not exceed the sum of one
dollar per share per week; and the times at which the same shall be
payable.
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Id s 84
Corporation
may limit
shares
24 Md 259, 31
Md 536, 32 Md.
285, 35 Md 117,
36 Md 333, 394,
37 Md 320, 38
Md 445, 40 Md
172, 226, 41 Md
409
Entrance fee
Proviso
Instalments
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87. Any such corporation shall have power to enforce the pay-
ment of all instalments and other dues due to the corporation from
the members or stockholders, by such fines and forfeitures as the
corporation may from time to time provide in the by-laws or arti-
cles of association of such corporation.
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Id s 85
Power to enforce
payment of
instalments or
dues.
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88. Any person applying for membership, or for stock in any
such corporation, after the end of one month from the time of in-
corporation, may be required to pay on subscribing, such bonus or
assessment as may from time to time be fixed or assessed, in such
manner as may be provided by the corporation, in order to place
such new member or stockholder on a footing with the original
members and others holding stock at the time of such application.
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Id s 86
Bonus or assess-
ment on new
member or
stockholder.
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89. Such corporation may, at any time in advance of the period
of time at which such corporation may cease to exist, according to
the plan contained in the original articles of association, advance
to any member thereof, for such premium as may be agreed upon,
the sum which he would be entitled to receive upon the dissolution
of the corporation, for any number of shares therein held; or may
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Id. s 87.
Power to
advance
10 Md 397,
32 Md 294,
45 Md 546
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purchase from any member thereof the share, or any number of
shares, of the stock held by him, at such price or sum as, according
to the articles of association, such member may agree to receive,
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To purchase
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