1788 LAWS OF MARYLAND. [CH. 1019

tions", sub-title "Provisions for Formation of Corporations—
Powers", be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

8.

(6) Subject to the provisions of Article 38 of the Declara-
tion of Bights, to acquire by purchase or in any other manner,
and to take, receive, hold, use and employ, sell, mortgage, lease,
dispose of and otherwise deal with, any property, real or per-
sonal, situated in or out of this State, including shares in, and
bonds, notes and other obligations of other corporations, in-
corporated under the laws of this State or of any other State
or otherwise, which may be appropriate to enable it to carry
on the operations or fulfill the purposes, named in the charter,
and, unless otherwise provided in its charter or by-laws, to
make reasonable gifts or contributions out of profits, when
authorized by its board of directors so to do, to or for the use
of (1) this State, its institutions and agencies, or any political
sub-division of this State, or (2) any corporation, or trust, or
community fund, or foundation, or society, or organization for
religious, charitable, scientific, civic, literary or educational
purposes; but nothing herein shall authorize the sale, mort-
gage, lease, or other disposition by a public service corpora-
tion of any part of its property or franchises in any case in
which the approval or consent of The Public Service Commis-
sion of Maryland is now or may hereafter be required by law,
unless and until such approval or consent shall have been
obtained.

SEC. 2. And be it further enacted, That no language in this
Act shall in any manner be construed to require a prospective
construction only, the purpose of this Act being to clarify and
declare the law as it has existed and does and shall exist.

SEC. 3. And be it further enacted, That this Act shall take
effect June 1, 1945.

Approved May 4, 1945.

CHAPTER 1019.
(House Bill 497)

AN ACT to add a new sub-title and eight (8) new sections to
Article 2 of the Annotated Code of Maryland (1939 Edi-
tion), title "Agents and Factors", to follow immediately