ART. 23] PREFERRED STOCK——PROCESS. 705

ferred stock so created; and the holders thereof shall have all
the incidents, rights, privileges and immunities and liabilities
to which the capital stock of said corporation, or the holders
thereof, may be entitled or subject; provided, however, that no
corporation shall exercise any power under this section, unless
the creation of such preferred stock shall be authorized by a
general meeting of the stockholders of such corporation; and
the said preferred stock shall be and constitute a lien on the
franchises and property of such corporation, and have priority
over any subsequently created mortgage, or other incumbrance.
Robertson v. Parks, 76 Md. 119. Heller v. Marine Bank, 89 Md. 608.
Scott v. B. & O. R. R. Co., 93 Md. 500. Rogers v. Citizens' Bk., 93 Md. 615.

Process.

1888, art. 23, sec. 295. 1868, ch. 471, sec 209.

409. Any corporation not chartered by the laws of this
State which shall transact business therein shall be deemed
to hold and exercise franchises within this State, and shall be
liable to suit in any of the courts of this State on any dealings
or transactions therein.

Ben Franklin Ins. Co. v. Gillett, 54 Md 215. Wagner v Shank, 59 Md.
322. North State Copper Co. v. Field, 64 Md. 153. Fairfax Mining Co v.
Chambers, 75 Md. 606. Condon v. Mutual Reserve Co., 89 Md. 118.

Ibid. sec. 296. 1884, ch. 316 1892, oh. 601 1900, ch 21.

410. Process issued by any court or justice of the peace of
this State against any corporation incorporated under its laws
may be served on any president, director, manager, ticket agent
or persons selling tickets other than conductors for passengers
of any railroad company or other officers of such corporation,
and if neither the president nor any of the directors, managers,
ticket agents or other officers of such corporation reside in this
State, such process may be served anywhere within this State
on any agent, attorney or other person in the service of such
corporation; provided, that in every case the officer serving
process shall leave a, copy of such process with the person
upon whom the same is served. And whenever any trust or
guarantee company which shall be authorized and empowered
under the laws of this State to insure the fidelity of persons
holding places of trust or responsibility in, to or under any
State, county, city, corporation, company, person or persons
whatsoever, or to become security for the faithful performance
of any trust, office, duty, contract or agreement, and to super-
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