562 CORPORATIONS. [ART. 23

Weber, 52 Md. 500. Musgrave v. Morrison, 54 Md. 162. Frank v. Mor-
rison, 55 Md. 406. Crawford v. Rohrer, 59 Md. 604. Balto. City Passenger
Ry. Co. v. Hambleton, 77 Md. 351. Glymont Co. v. Toler, 80 Md. 287.
Gettysburg Bank v. Brown, 95 Md. 383, 386. Tompkins v. Sperry, 96
Md. 580.

1886, art. 23, sec. 65. 1668, ch. 471, sec. 60.

73. The president and a majority of the trustees, directors
or managers of such corporation, within thirty days after the
payment of the last instalment of the capital stock, as fixed
and limited in the certificate of incorporation, shall make a
certificate stating the amount of the capital stock so fixed and
paid in, and of all property received in payment for any of
said subscriptions, and the extent to which said payments
have been so made in property, which certificate shall be
signed and sworn to by the president; and he shall, within
thirty days thereafter, file the same with the clerk of the court
in which the certificate of incorporation of said corporation
was recorded, to be by said clerk recorded.

Ibid. sec. 66. 1868, ch. 471, sec. 61.

74. No person holding stock in any such corporation, as
executor, administrator, guardian or trustee, and no person
holding such stock as collateral security, shall be personally
subject to any liability as stockholder of such corporation;
but the person pledging the stock shall be considered as hold-
ing the same, and shall be liable as stockholder accordingly ;
and the estates and funds in the hands of such executor,
administrator, guardian or trustee, shall be liable in like man-
ner and to the some extent as the testator or intestate, or ward
or person interested in such trust fund would have been if he
had been living and competent to act and held the same stock
in his own name.

Ibid. sec. 67. 1868, ch. 471, sec. 62.

76. If the trustees, managers or directors of any such cor-
poration shall declare and pay any dividend when the corpora-
tion is insolvent, or any dividend, the payment of which would
render it insolvent, or would diminish the amount of the
capital stock, they shall be jointly and severally liable for all
the debts of the corporation then existing, and also for all that
shall thereafter be contracted, while they shall respectively con-
tinue in office, even although the whole amount of the capital
of said corporation has been paid in.