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Session Laws, 1908 Session
Volume 483, Page 26   View pdf image (33K)
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26 LAWS OK MARYLAND.

( d ) The place in this State where the principal office of the
corporation will be located.

(e) The total amount of capital stock, if any, of the pro-
posed corporation and the number and par value of the shares;
and the restrictions, if any, imposed upon the transfer of the
shares. And if the capital stock is to be classified under the
power hereinafter granted, the certificate shall state how much
of said stock is to be preferred and the preferences, voting
powers, restrictions and qualifications of the preferred stock.

(/) The number of trustees, directors or managers, which
shall not be less than three; and the names of those who shall
act as such for the first year or until their successors are duly
chosen and qualified.

(g) Any provisions which may be desired, for the purpose of
defining, limiting and regulating the powers of the corporation,
and of the directors and stockholders or any class of the stock-
holders; provided, such provisions are not contrary to the law
of this State or inconsistent with any of the terms and limita-
tions of this article.

SEC. 4. If the certificate is acknowledged before a justice of
the peace, his official character shall be certified by the Clerk
of the Circuit or Superior Court under his official seal. Every
certificate shall be submitted to one of the judges of the judicial
circuit in which the principal office of the corporation will be
located, who shall, if such certificate is executed in conformity
with the law, certify that fact thereon; when so certified such
certificate shall be delivered to the State Tax Commissioner
who, upon payment (and not before) of the recording fees
hereinafter provided for, shall receive and endorse thereon the
date and time of receipt and promptly record the same in a
book to be kept by him for that purpose. After such recording
the State Tax Commissioner shall transmit the original certifi-
cate or a copy thereof duly certified by him to the Clerk of the
Circuit or Superior Court (according to the location of the
principal office of the corporation) by whom the same shall be
again recorded. At the time of receiving such certificate the
State Tax Commissioner shall collect double the fees allowed
by law to clerks of court for recording a document of similar
length; and one-half of the sum so collected shall be paid by
him to the Clerk of the Circuit or Superior Court to whom such
certificate shall be transmitted for recording as aforesaid, and
for the other one-half he shall account quarterly to the Comp-
troller and pay the same forthwith to the State Treasurer for
the use of the State.

SEC. 5. When such certificate has been executed and acknowl-
edged in due form and delivered to the State Tax Commissioner

 

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Session Laws, 1908 Session
Volume 483, Page 26   View pdf image (33K)
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