678

LAWS OF MARYLAND.

stock, and in case any subscriber thereto shall fai i

or neglect to pay the amount by him, her or it

subscribed, the said company may maintain an

May maintain
action.

action therefor and recover the amount thereof,

with interest, from the date of demand, or the

said president and directors may receive bonds

secured by mortgage on real estate in satisfaction

of said subscription, and sell and dispose said

bonds as they may see fit; and the said president

and directors shall annually, or oftener if they

deem it advisable, make a statement of the man-

Make state-
ment.

agement and condition of said company, showing

the receipts, disbursements and indebtedness, and

if they deem it advisable, make a dividend of any

surplus on hand after paying expenses.

SEC. 13. And be it enacted, That this act shall take

Effective.

effect from the date of its passage.

Approved May 3, 1882.

Chapter 438.

AN ACT to amend article twenty-six of the Code

of Public General Laws, title " Corporations,"

by adding thereto the following sections to fol-

low section thirty-four, and to be designated an

section thirty-four (34) A and section thirty-

four (34) B.

SECTION 1. Be it enacted by the General Assembly

of Maryland, That the following sections be added

to article twenty-six (26) of the Code of Public-

General Laws, title " Corporations," to follow im-

mediately after section thirty-four (84), and to be

numbered section thirty-four A and thirty-four

Acquiring

B, viz.: Section thirty-four A, class twenty-two,

and develop-
ing.

for the acquiring, developing, improving, using..

working or otherwise utilizing or disposing of

any novelty, invention or process patented by the

United States; and for the sale, lease or other dis-

position of articles manufactured under such

patent; section thirty-four (34) B, class twenty-