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Session Laws, 1943
Volume 584, Page 1320   View pdf image (33K)
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1320 LAWS OF MARYLAND. [CH. 753

"Corporations", sub-title "Religious Corporations", and to
add a new section to said Article 23, to be known as Section
291A, and to follow immediately after Section 291 of said
Article, increasing the limit upon the maximum yearly in-
come of any church, society or congregation to fifty thousand
dollars ($50, 000), providing for the recording of the plan,
agreement or regulation of any such church, society or con-
gregation and any amendment thereto or change therein and
providing for the method of amending the charter of any
religious corporation heretofore created by special Act of
the General Assembly of Maryland.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 276, 282 and 283 of Article 23 of the Anno-
tated Code of the Public General Laws of Maryland (1939
Edition), title "Corporations", sub-title "Religious Corpora-
tions", be and the same are hereby repealed and re-enacted,
with amendments, to read as follows:

276. The trustees so elected shall have perpetual succession
by their name of incorporation, and shall be capable in law
to purchase, take and hold to them, and their successors in fee,
or for a less estate, any lands, tenements or hereditaments,
rents or annuities, goods or chattels within this State, by the
gift, bargain, sale or devise of any person, body politic or
corporate, capable of making the same, and to use or lease,
mortgage or sell and convey the same in such manner as they
may judge most conducive to the interest of their respective
churches, societies or congregations; provided, that nothing
herein shall authorize any sale, mortgage or other disposition
of any property held by such corporation under any instru-
ment prohibiting such sale; and provided, the clear yearly
income from the estate of any church, society or congregation,
exclusive of the rents of pews, collections in churches, funeral
charges and the like, shall not exceed the sum of fifty thousand
dollars.

282. The plan, agreement or regulation, so acknowledged
and certified, together with a copy thereof, shall be filed by
the said trustees with the State Tax Commission which, upon
the payment, and not before, of the recording fee for which
provision is hereinafter made in this section, shall receive the
same for record and endorse thereon the date and time of such
receipt and promptly record the same, together with the
endorsements thereon. After the recording by it of such plan,
agreement or regulation, said Commission shall transmit a
copy thereof duly certified by it to the Clerk of the Circuit
Court for the county where the said church, society or congre-
gation, or the greater part of the members thereof, reside, or

 

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Session Laws, 1943
Volume 584, Page 1320   View pdf image (33K)
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