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Session Laws, 1880
Volume 395, Page 353   View pdf image (33K)
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WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 353

and sixty of article twenty-six of the Code of Public


General Laws, entitled " Corporations," and the


said corporation shall be entitled to retain in its


treasury the amount of its capital stock not taken


at the time of the filing of the said certificate, to be


disposed of as the said corporation may deem best


for its interests, and the said corporation shall be


entitled to all rights and privileges which are by

Rights and

said article twenty-six of the Code conferred on cor-

privileges.

porations whose stock is fully paid up; provided,


however, that the said corporation shall acquire no


right whatever under this act unless the said certifi-


cate shall be made and filed prior to the expiration


of four years from the date of its certificate of incor-


poration, nor unless there shall be filed with the


certificate so to be made and filed as aforesaid, a


sworn statement of the president of the said corpora-


tion, showing that all debts of the said corporation,


other than its bonded indebtedness, have been fully


paid and satisfied, or that the corporation has funds


on hand to pay such debts when legally demand able.


SEC. 3. And be it enacted, That this act shall take

Effective.

effect from the date of its passage.


Approved April 10, 1880.


CHAPTER 216,


AN ACT to repeal section seven hundred and eighty-


three of article four of the Maryland Code of Pub-


lic Local Laws, title " City of Baltimore," sub-


title " Mortgages," and to re-enact the same with


amendments.


SECTION 1. Be it enacted by the General Assem-


bly of Maryland, That section seven hundred and

Repealed and

eighty-three of article four of the Code of Public

re-enacted.

Local Laws, title " City of Baltimore," sub-title


23




 

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Session Laws, 1880
Volume 395, Page 353   View pdf image (33K)
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