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Session Laws, 1846
Volume 611, Page 199   View pdf image
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1846.

LAWS OF MARYLAND.

CHAP. 220.

politic, shall not at any one time hold or possess proper-
ty, real, personal or mixed, which shall be of the annual
value of, or yield an income annually exceeding two
thousand dollars.

Corporate
powers.

SEC. 2. And be it enacted, That the said corporation
and their successors, by the name and title aforesaid,
shall be capable in law to sue and be sued, plead and be
impleaded, answer and be answered unto, defend and be
defended, in all or any courts of justice, and before all or
any judges, officers or persons, in all and singular any
actions, matters and demands whatsoever.

Make by-laws.

Common seal.

Sec. 3. And be it enacted, That it shall and may be
lawful for the said corporation to make by-laws, and
have a common seal for their use, and the same at their
pleasure to change, alter, make anew, from time to time,
as they may think best and shall in general have and
exercise all such rights, powers, privileges and immuni-
ties as by law are incident or necessary to the corporation
herein constituted, to enable its members to exercise all
things concerning the designs of the corporation, for the
relief of the sich and distressed and for the promotion
of their benevolent purposes generally.

Funds and es-
tate not to be
divided or dis-
tributed.

Sec. 4. And be it enacted, That the funds and the estate
of the corporation shall not at any time be divided or
distributed amongst the members, or diverted from the
purposes contemplated by its formation, without the per-
mission of the General Assembly of Maryland.

Exist for fifty
years.

Right reserv-
ed.

Sec. 5. And be it enacted, That this act of incorpora-
tion shall continue and exist for filty years from its pas-
sage, unless the General Assembly of Maryland should
alter, amend or annul it, which right it reserves to the
Legislature to exercise at pleasrure.

Issues forbid.

SEC. 6 And be it enacted, That nothing in this act
shall be construed as to allow the said corporation to
issue any note, token, scrip or device, to be used as
currency.

CHAPTER 220.

Passed March

8, 1847.

An act entitled, a supplement to an act passed at December
session, eighteen hundred and thirty-eight, chapter
seventy-three.

Apportioned.

Be it enacted by the General Assembly of Maryland,
That the amount of money authorised to be raised by
the act to which this is a supplement, shall be appor-



 
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Session Laws, 1846
Volume 611, Page 199   View pdf image
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