1868, ch. 471, sec. 197. 276. The court in which any suit or proceeding against corporation which shall have been dissolved by the expiration of its charter, or otherwise, shall be pending at the time of such dissolution, shall have power, on the application of either party thereto, to make an order for the continuance of such suit or proceeding, and the same may thereafter be continued until final judgment or decree shall be had therein, which shall have the like effect upon the rights of the parties as if such corporation had not been dissolved. Execution Against the Stock of Corporations. 1868, ch. 471, sec. 198. 1886, ch. 287. 277. Any interest which any defendant in a judgment or decree rendered by a court of law or equity, or in a proceeding by attachment on original process, has in the capital, joint stock or debts of a corporation transferable on its books, shall be liable to execution or attachment, and the same proceedings shall be had as in other cases, except when they are varied by the following sections; provided, that all executions or attachments levied or laid upon the shares or interest of any defendant in the capital, joint stock or debts of a corporation standing on its books in his name, shall only affect the interest which such defendant had in such capital, joint stock or debts at the time of levying such execution or attachment, and shall not in any way affect the right, title or interest acquired by any bona fide purchaser or pledgee for value to or in the capital, joint stock or debts of such corporation standing on its books in the name of such defendant, by a sale or pledge thereof by such defendant by a delivery of the certificate representing such capital, joint stock or debts, with a power of attorney to transfer the same made prior to the levying of such execution or attachment, and that nothing contained in the succeeding sections of this article shall be construed to apply to any such capital, joint stock or debts so sold or pledged, or to prohibit or prevent any such corporation or purchaser or pledgee from transfering the said capital, joint stock or debts represented by such certificate upon the books of the corporation in the same manner and to the same effect as if no such execution or attachment had been levied. 1868, ch. 471, sec. 199. 278. The sheriff or other officer, upon being instructed to levy such writ on any such stock or debt, shall deliver to the president or chief officer, or leave at the place of business of such corporation, a notice in writing, stating that he has seized the stock or debt of the defendant, (naming him,) and the purpose for which he has seized the same, and shall retain a copy of such notice, and return it with the writ. Ibid. sec. 200. 279. Upon the service of such notice, the sheriff may require the president, or any other officer of the corporation, to certify to him in writing the number of shares of stock, and the amount of transferable debt on its books, standing in the name of the defendant at the time of said notice; and if any president or other officer, so required, shall refuse or neglect for twenty-four hours to deliver such certificate, the sheriff or other officer shall certify the fact to the court to which the writ is returnable, or to any judge thereof; and the said court or judge may order an attachment for contempt against such president or other officer, and may compel him to answer upon oath on oral examination as to the number of shares of stock and amount of debt standing on the books of the corporation, in the name of the defendant, at the time of service of such notice, and may compel the production of the books of said corporation, and also fine the president or other officer for not giving the required certificate. Ibid. sec. 201. 280. When the sheriff has ascertained the number of shares of stock, and amount of such debt standing in the name of the defendant, he shall make a schedule of such shares or debt, or so much thereof as will be amply sufficient to secure the sum of money he is required to levy, and costs, and shall give notice to the corporation that the stock or debt not included in this schedule is released. Ibid. sec. 202. 281. If the levy be made under a fieri facias, the sheriff shall advertise and sell the stock or debt as if the same were real estate. 1868, ch. 471, sec. 203. 282. If any corporation or its officers, after service of notice. of seizure as aforesaid, shall transfer or permit to be transferred, any shares of stock or any debt standing at the time of service in the name of the defendant, unless the same is released, as provided in the succeeding section, such corporation shall pay to the plaintiff in the writ under which such notice was given, the full market value of the stock or debt so transferred, to be recovered by suit. 283. If the proceedings under such writ be ended by countermand, payment or any other cause before a sale, the stock seized thereunder shall be released, and the sheriff shall give notice thereof in writing to the corporation. Ibid. sec. 205. 284. If the sheriff shall make sale of any shares of stock or transferable debt, whether he continues in office or not, or whether he has returned the writ under which the sale was made or not, he shall transfer the said stock or debt so sold on the books of the corporation to the purchaser; or if the sheriff making such sale shall die or remove from the county without making such transfer, the court to which the writ was returnable may appoint a person to make the same. Ibid. sec. 206. 285. If any corporation, or any of its officers, shall refuse to permit any transfer authorized to be made by the preceding section, the court to which the writ, by virtue of which such stock or debt was sold, was returnable, or any judge thereof in vacation, may punish by process of contempt all persons so refusing to permit such transfer, and may also cause the proper book of such corporation to be brought before such court or judge, and the transfer to be made; and the corporation shall be liable for all damages sustained by reason of a refusal to permit such transfer. Ibid. sec. 207. 286. The purchaser may refuse to accept the transfer of any stock or transferable debt, unless it be made within thirty days. after the sale, and may bring an action on the case against the sheriff, officers or corporation by whose default the said transfer was delayed or omitted, and may recover the value of the stock or debt at the time the transfer should have been made, or at any time afterwards, before the rendering of the verdict in his said suit. 1868, ch. 471, sec. 208. 287. Any person whom the court may appoint to make any transfer, shall be entitled to the sum of one dollar, to be paid by the purchaser, and recovered by him from the person who ought. to have made the transfer. Police. 1880, ch, 460, sec. 221. 288. Corporations owning or using any railroad, steamboat, canal, furnace, colliery or rolling-mill in this State, may jointly or severally apply to the governor to commission such persons as the said corporation or corporations may designate, to act as policemen for the protection of the property of said corporation or corporations, and for the preservation of peace and good order on their respective premises, railroad trains or steamboats. Ibid. sec. 222. 289. The governor, upon such application, may, if he thinks. it proper so to do, appoint such persons, or so many of them as he may deem proper, to be such policemen; and shall issue to each person so appointed a commission, and shall transmit such commission to such clerk's office in the State as may, by such corporation or corporations, be designated, and he may revoke and annul any such appointments at his pleasure. Ibid. sec. 223. 290. Every policeman so appointed shall, before entering upon the duties of his office, take and subscribe before a justice of the peace of the county or city in which his commission may be received, the oath or affirmation prescribed by the fourth section of the first article of the constitution, which oath or affirmation shall be recorded in the clerk's office of such county or city; and every such policeman so appointed, after the recording of the oath or affirmation to be by him taken as aforesaid, shall possess and exercise, in the counties and cities in which the railroads, canals, collieries, furnaces, rolling mills and premises of the corporation for which he may have been appointed are respectively situated, all the authority and powers held and exercised by constables at common law and under the statutes of this State, and also all the authority and powers conferred by law on policemen in the city of Baltimore. 1880, ch. 460, sec. 224. 291. Every such policeman shall, when on duty, except when on detective duty, wear a metallic shield, with the word "police" inscribed thereon, and said shield shall always be worn in plain view, except when he is employed as a detective. Ibid. sec. 225. 292. The compensation of every such policeman shall be paid by the party or parties upon whose recommendation he was appointed, and neither the State nor any county therein shall be responsible for any part of such compensation. Ibid. sec. 226. 293. Whenever the services of any policeman so appointed as aforesaid shall no longer be required, a notice in writing to that effect shall be given by the corporation or corporations at whose instance he was appointed, and such notice shall be filed in the clerk's office where the commission and oath or affirmation of such policeman shall have been recorded, which notice shall be noted by such clerk upon the margin of the record where such commission and oath or affirmation are recorded, and thereupon the power of such policeman shall cease and be determined. Preferred Stock. 1868, ch. 471, sec. 219. 1880, ch. 474. 294. Every corporation incorporated under the laws of this State, which has the power to issue bonds as evidences of indebtedness, and to secure the same by mortgage of the property of such corporation, or which has the power to obtain such money upon mortgage, may, whenever in the judgment of said corporation it is expedient to do so, in place of issuing such bonds and |