ELIHU E. JACKSON", ESQUIBE, GOVERNOR.

403

CHAPTER 364.

AN" ACT to repeal section fourteen, of article forty-seven, of the

Code of Public General Laws, entitled "Insolvents," and to re-

enact the same with amendments.

SECTION 1. Be it etiacted ty the General Assembly of Maryland,

That section fourteen, of article forty-seven, of the Code of Pnb-

lic General Laws he repealed and re-enacted so as to read as fol-

lows : No deed or conveyance executed, or lien created by any

banker, stock broker, merchant, manufacturer or trader being in-

solvent or in contemplation of insolvency save as hereinafter pro-

vided, shall be lawful or valid if the same shall contain any pref-

erences save such as result from operation of law, and save those

for the wages or salaries to clerks, servants and employees con-

tracted not more than three mouths anterior to the execution

Voidable

thereof; and all preferences with the exceptions aforesaid shall

preference

be void howsoever the same may be made; provided, the grantor

or party creating said lien or preference shall be proceeded against
under section twenty-three, or shall apply for the benefit of this

article under section one, within four months after the recording

of the deed or conveyance or the creation of said lien or prefer-

ence, and shall be declared or shall become under the provisions

of this article an insolvent; provided, that nothing in this sec-

tion shall apply so as to set aside or render invalid the lien of any

such judgments, mortgage or other conveyance executed by the

debtor, for money bona fide loaned or paid at the time of the crea-

tion of such judgments, mortgage or conveyance, but such shall
remain a valid and subsisting lien, although the debtor may be

proceeded against or may apply for the benefit under this act.

Approved April 3, 1890.

CHAPTER 365.

AN ACT to incorporate the Bay View milling and manufacturing

water power company.

SECTION 1. Be it enacted by the General Assembly of Maryland,

That Mark B. Wunder, of Shenandoah county, Virginia, Edgar

D. Boulton, of Warner county, Virginia, A. Finley Horner, of

Baltimore city, Joseph L. Armstrong, of Randolph county, North
Carolina, and Charles E. Hull, James H. Payne and William

To incor-
porate.

Finley of Baltimore city, and their successors and assigns be and

they are hereby constituted a body corporate and politic under
the name and style of the Bay View milling and manufacturing

water power company, and by that name shall have perpetual

succession.