136 CORPORATIONS. [ART. 23

be carried on in any county outside of an incorporated town or
city, the assent of the County Commissioners of said county
shall be first had and obtained; and all such works and the exer-
cise of the powers hereby granted, shall, at all times, be subject
to such reasonable regulations as said municipal authorities or
said County Commissioners, as the case may be, may from time
to time prescribe; but nothing in this section shall authorize the
incorporation of water companies in the city of Baltimore.
Moores v. Belair Water and Light Co, 79 Md. 393.

Dissolution of Corporations.

1894, ch. 263.

264. Whenever any corporation in this State shall have been
determined by legal proceedings to be insolvent, or shall be
proven to be insolvent by proof offered under any bill filed
under the provisions of this section, it shall be deemed to have
surrendered its corporate rights, privileges and franchises, and
may be adjudged to be dissolved after the hearing, according
to the practice of courts of equity in this State, upon a bill
filed for that purpose in the Circuit Court of Baltimore city or
in the Circuit Court No. 2 of Baltimore City, if the principal
office of the corporation is located therein, or in the circuit court
for any county, if the principal office or place of business of said
corporation be therein located, or if the certificate of its incor-
poration be recorded therein; and such bill may be filed by any
stockholder, shareholder or creditor of said corporation, or by the
Attorney-General of the State of Maryland, or by the State's
attorney of the city or county in which the principal office of
said corporation is located. But this section shall not apply to
any railroad company chartered by this State.

Davis v. Gemmell, 73 Md. 535. Mason v. Supreme Court Equitable
League, 77 Md. 44. DuPuy v Terminal Co., 82 Md. 436-7. Steinberger v.
Savings Asso., 84 Md. 635. Barton v. Fraternal Alliance, 83 Md. 33.

1896, ch. 349.

264 A. Whenever any corporation mentioned in section 264 of
this article other than railroad companies chartered by this State,
shall have been determined or proven to be insolvent, as in said
section 264 stated, all payments, conveyances and assignments of
the money, property, debts or claims of said corporation and all
preferences, howsoever made by it or by any of its officers on its