58 LAWS OF MARYLAND.

of this Article; provided, however, that all corporations incor-
porated, or to be incorporated by virtue of said Section 28,
class thirteen, and all corporations hereafter incorporated
under the provisions of this Act, except such corporations of
said class as are now in practical operation and have laid or
constructed their lines, or any part thereof, in the city of Bal-
timore, and their successors by consolidation or otherwise,
shall obtain a special grant from the General Assembly of
Maryland, and the assent and approval of the Mayor and City
Council of Baltimore city, before using the streets or highways
of Baltimore city, either the surface or the ground beneath the
same.

Approved March 31, 1908.

CHAPTER 305.

AN ACT to repeal Section 64 of Article 23 of the Code of Pub-
lic General Laws of Maryland of 1888, title "Corporations, "
and to re-enact the same with amendments, and to add to said
Article an additional section, to follow immediately after
Section 64 of said Article, to be known as Section 64A of said
Article, relating to the liability of stockholders to creditors of
corporations.

SECTION 1. Be it en-acted by the General Assembly of Mary-
land, That Section 64 of Article 23 of the Code of Public Gen-
eral Laws, title "Corporations, " be and the same is hereby re-
pealed and re-enacted with amendments, and that a new section
be and is hereby added to said Article 23, to follow immediately
after said Section 64 of said Article, and to appear therein as
Section 64A, said Section 64, as amended and re-enacted, and
said additional Section 64A to read as follows:

64. All the stockholders of any such corporation shall be
severally and individually liable to the creditors of the corpora-
tion of which they are stockholders to an amount equal to the
amount of stock held by them respectively, for all debts and
contracts made by the corporation, until the whole amount
of the capital stock fixed and limited by the corporation shall
have been paid in, and a certificate thereof made and filed as
prescribed in the following section, which certificate may, how-
ever, be filed at any time after thirty days mentioned in said
section, but no stockholder shall be individually liable to the
creditors of such corporation except to the amount of his,
her or their unpaid subscriptions to the capital stock; and the
liability of such stockholder shall be an asset of the cor-
poration for the benefit ratably of all the creditors of such