WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 353
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and sixty of article twenty-six of the Code of Public
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General Laws, entitled " Corporations," and the
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said corporation shall be entitled to retain in its
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treasury the amount of its capital stock not taken
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at the time of the filing of the said certificate, to be
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disposed of as the said corporation may deem best
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for its interests, and the said corporation shall be
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entitled to all rights and privileges which are by
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Rights and
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said article twenty-six of the Code conferred on cor-
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privileges.
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porations whose stock is fully paid up; provided,
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however, that the said corporation shall acquire no
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right whatever under this act unless the said certifi-
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cate shall be made and filed prior to the expiration
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of four years from the date of its certificate of incor-
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poration, nor unless there shall be filed with the
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certificate so to be made and filed as aforesaid, a
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sworn statement of the president of the said corpora-
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tion, showing that all debts of the said corporation,
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other than its bonded indebtedness, have been fully
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paid and satisfied, or that the corporation has funds
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on hand to pay such debts when legally demand able.
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SEC. 3. And be it enacted, That this act shall take
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Effective.
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effect from the date of its passage.
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Approved April 10, 1880.
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CHAPTER 216,
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AN ACT to repeal section seven hundred and eighty-
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three of article four of the Maryland Code of Pub-
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lic Local Laws, title " City of Baltimore," sub-
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title " Mortgages," and to re-enact the same with
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amendments.
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SECTION 1. Be it enacted by the General Assem-
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bly of Maryland, That section seven hundred and
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Repealed and
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eighty-three of article four of the Code of Public
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re-enacted.
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Local Laws, title " City of Baltimore," sub-title
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23
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