734 LAWS OF MARYLAND. [CH. 309

SECTION 1. Be it enacted by the General Assembly of Mary-
land,, That the said proclamation of the Governor of Maryland,
in so far as it affects The Tove-Libauer Furniture Company,
be and it is hereby set aside, and that the charter of The Tove-
Libauer Furniture Company be revived, together with all pow-
ers incident thereto, from the date of said proclamation; pro-
vided, however, that, as a condition precedent, the said corpo-
ration shall pay all taxes, penalties and fees that are or may be
due and in arrears to the State of Maryland at the time of such
payment.

Approved April 13th, 1922.

CHAPTER 309.
AN ACT to Alter and Amend the Corporation Laws.

SECTION 1. Be it enacted by the General Assembly of Mary-
land,, That Sections 7 and 13 of Article 23 of the Annotated
Code be and the same are hereby repealed and re-enacted with
amendments so as to read respectively as follows:

7. Every corporation which is subject to the provisions of
this Article shall have the following general powers, except
where the special provisions relating to any particular classes
of corporations are inconsistent herewith:

(1) To have perpetual succession by its corporate name.

(2) To sue and be sued, complain and defend in all courts.

(3) To make and use a common seal and alter the same at
pleasure.

(4) To transact its business, carry on its operations within
or without this State, and to exercise in any other state, terri-
tory, district or possession of the United States, or in any
foreign country, so far as the laws thereof permit, the powers
granted by this Article.

(5) To make contracts, incur liabilities, and borrow money
for its corporate purposes; and to issue bonds, notes and other
obligations and secure the same by mortgage or deed of trust of
all or any part of its property, franchises and income; provided
any such issue of bonds, notes or other obligations secured by
mortgage or deed of trust of any of the franchises of the corpo-
ration shall have been authorized at any meeting duly warned,
as provided for in Sections 15 or 16 of this Article, by the