396 CORPORATIONS—POLICE—PREFERRED STOCK. [ART. 23.

possess and exercise, in the counties and cities in which the rail-
roads, canals, collieries, furnaces, rolling mills and premises of
the corporation for which he may have been appointed are
respectively situated, all the authority and powers held and
exercised by constables at common law and under the statutes of
this State, and also all the authority and powers conferred by law
on policemen in the city of Baltimore.

1880, ch. 460, sec. 224.

291. Every such policeman shall, when on duty, except when
on detective duty, wear a metallic shield, with the word "police"
inscribed thereon, and said shield shall always be worn in plain
view, except when he is employed as a detective.

Ibid. sec. 225.

292. The compensation of every such policeman shall be paid
by the party or parties upon whose recommendation he was
appointed, and neither the State nor any county therein shall be
responsible for any part of such compensation.

Ibid. sec. 226.

293. Whenever the services of any policeman so appointed aa
aforesaid shall no longer be required, a notice in writing to that
effect shall be given by the corporation or corporations at whose
instance he was appointed, and such notice shall be filed in the
clerk's office where the commission and oath or affirmation of
such policeman shall have been recorded, which notice shall be
noted by such clerk upon the margin of the record where such
commission and oath or affirmation are recorded, and thereupon
the power of such policeman shall cease and be determined.

Preferred Stock.

1868, ch. 471, sec. 219. 1880, ch. 474.

294. Every corporation incorporated under the laws of this
State, which has the power to issue bonds as evidences of indebt-
edness, and to secure the same by mortgage of the property of
such corporation, or which has the power to obtain such money
upon mortgage, may, whenever in the judgment of said corpo-
ration it is expedient to do so, in place of issuing such bonds and