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Session Laws, 1894 Session
Volume 480, Page 150   View pdf image (33K)
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150

LAWS OF MARYLAND.

have; said bonus shall be due and payable upon the recording
of the certificate of increase authorized or upon the passage of
any special act authorizing such increase.

Failure to pay
bonus.

88 G. If any corporation or company from which said bonus
shall be due, shall fail or neglect to pay the same to the treas-
urer of the State for the space of two months after the same
has been due and payable as aforesaid, it shall be the duty of
the comptroller to make out said account against said corpo-
ration, and certify the same under the seal of his office and
transmit the same to some attorney in whom he has confidence,
and to cause suit to be brought for the recovery of said bonus ;
but no acquittance shall be good to discharge such corporation
from such bonus, but the receipt of the treasurer of the Sate
or the proper officer to whom execution or judgment may
issue.

Suit to re-
cover bonus.

88 H. Suit for the recovery of such bonus shall be brought
in the county where the incorporation papers of such corpo-
ration are recorded or where the principal office of such com-
pany is located, or in the city of Baltimore, if the incorpo-
ration papers of such company are there recorded, or the
principal office of such company is there located, and the
service of the writ of summons upon any officer or agent of
such company, or upon any stockholder or incorporator in such
company, shall be deemed and taken as sufficient service on
such corporation upon the return of the writ issued against
such corporation; and such corporation being summoned as
aforesaid, thq cause shall stand for trial or hearing according
to the laws and the respective rules of courts of this State ;
and if judgment shall be rendered against such corporation, a
fee of ten dollars shall be allowed the attorney for the State,
to be taxed in the plaintiff's costs.

Forfeiture of
charter.

88 I. If, after suit brought and judgment rendered as afore-
said, any corporation from which said bonus shall be due as
aforesaid, shall continue in arrears and shall fail or neglect to
pay said bonus to the State treasurer, for the space of two
years after the same shall be so in arrears, such failure and
neglect shall be deemed to amount to and shall constitute a
forfeiture of the charter of such corporation, and said charter
shall be decreed to be so forfeited and annulled ipso facto ;
and that any and all corporate powers exercised by any such
building or homestead association formed since January first,
1890, and prior to the date of the passage of this act, are
hereby given validity and full force.



 
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Session Laws, 1894 Session
Volume 480, Page 150   View pdf image (33K)
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