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The Maryland Code Public General Laws, 1904
Volume 393, Page 582   View pdf image (33K)
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582 CORPORATIONS. [ART. 23

1888, art. 23, sec. 94. 1868, ch. 471, sec. 126.

121. When any citizen shall allege, in writing, to the circuit
court for any county, that any bridge situate within or partly
within said county is not kept in proper order and. repair, the
same proceedings may be had in said court as are hereinafter
provided in cases of turnpike or plank roads alleged not to be
in proper order and repair.

Building or Homestead Associations.

Ibid. sec. 95. 1868, ch. 471, sec. 84.

122. Any homestead or building association, formed under
the provisions of this article, shall have power, in its certifi-
cate 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; and 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.

Middle States Co. v. Mattress Co., 82 Md. 515. Faust v. Building Asso.,
84 Md. 190. Commercial Asso. v. Mackenzie, 85 Md. 142. Salisbury Asso,
v. Wicomico County, 86 Md. 619. Balto. Bldg. Asso. v. Powhatan Co.,
87 Md. 64.

Ibid. sec. 96. 1868, ch. 471, sec. 85.

123. Any such corporation shall have power to enforce the
payment of all instalments and other dues due to the corpora-
tion from the members or stockholders, by such fines and
forfeitures as the corporation may, from time to time, provide
in the by-laws or articles of association of such corporation.

Ibid. sec. 97. 1868, ch. 471, sec. 86.

124. Any person applying for membership, or for stock in
any such corporation, after the end. of one month from the time
of incorporation, 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 corpora-
tion, 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.
Geiger v. 8th German Bldg. Ass'n, 58 Md. 569.


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 582   View pdf image (33K)
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