60. To have a common seal.
61. To acquire and hold property.
62. To appoint and pay a president
and other officers.

63. To make by-laws.
64. To have no powers but those
conferred or necessarily im-
plied.

65. To be managed by trustees,
directors, or managers.

66. Elections to be by ballot. 67. Vacancies, how filled.

68. Omission to hold election not to

dissolve corporation.

69. How subscriptions may be made. 70. Books to show what property was received for stock.

71. Stock to be personal estate. 72. Individual liability of stockholders for debts.

73. Certificate of payment for stock. 74. What stockholders not to be individually liable.

75. Dividends when insolvent; liability of directors for.

76. Dissenting directors not liable, when.

77. Loans may not be made to stockholders; proviso.

78. Calls for subscriptions.

79. Statement of condition, how obtained by stockholder.

80. List of stockholders.

81. Semi-annual statement of assets and liabilities.

82. Increase or reduction of capital stock.

83. Debts to be paid before stock is reduced.

84. Notice of meeting of stockhold-
ers to increase or diminish
capital stock.

85. Two-thirds vote necessary.
86. Certificate of such increase or

reduction.

changed.

88. Notice of meeting of stock

holders.

89. Existing corporations may become incorporated under this article.

90. Notice of meeting of stockholders.

91. Certificate of such incorporation. 92. How executed and approved; effect of.

93. Corporations to be subject to changes in laws.

94. All safe deposit, trust and fidelity companies to make annual report to the treasurer of Mayland. What report shall state.

95. State treasurer to examine such companies.

96. What inquiry to be made in such examination.

97. Treasurer to order discontinuance of any violation of charter.

98. Deposits by guarantee companies to be made with State treasurer.

99. In case of neglect to make deposit, attorney general to institute proceedings against such company.

100. Limitation of such deposit. 101. False swearing as to report and examination to be deemed perjury.

102. Treasurer shall surrender deposits; when.

103. Treasurer to report to general assembly.

104. Liability of stockholders to depositors.

105. Remedy to enforce such liability.

106. Securities that may be deposited with treasurer by life and accident insurance, safe deposit, trust, guaranty, loan and fidelity companies.

108. Corporations heretofore chartered but not organized conclusively presumed to have surrendered their charters unless franchise tax of oneeighth per cent. be paid by 1st December, 1900. Exceptions. 109. Corporations hereafter chartered to be organized within two years from incorporation. Otherwise franchise tax to be annually paid until organized. Corporate rights suspended in the meantime. Exceptions. 110. Corporations mentioned in 108

after renewal of their charters to pay franchise tax annually until organized. State tax commissioner to assess franchise tax upon such corporations.

111. Wages-payment of by certain. 112. Loans upon chattels to be made

under corporate name only; legal interest only to be charged; proviso.

Bridge Companies.

113. Consent of county commissioners to be first had.

unless authorized by statute. 120. Warrant from governor to charge tolls; when to be given. 121. Proceedings when bridge alleged to be out of repair. Building or Homestead Associations.

122. Special powers of.

123. Fines and forfeitures.

124. Bonus payable by subscribers. 125. Advances on and purchases of stock.

126. Unpaid instalments secured by mortgage.

127. Members competent witnesses. 128. Merger by incorporation under this article of prior associations.

129. Transfer to such corporations. 130. Sections 122 to 129 applicable to land companies; special provisions.

131. Loans to be made in money.

Cemetery Companies.

132. May hold one hundred acres; not in city without its authority.

133. Streets, etc., not to be opened through cemetery.

134. Lots held only for burial. 135. Certificate of title to lot. 136. Mutilation of tombs; penalty.

Foreign Corporations. 137. Copy of charter to be filed with secretary of State by certain classes of foreign corporations. 138. Secretary of State to issue his certificate to such corpora

tions.

139. Agent or employee may not act before the issue of said certificate.

140. No such corporation to maintain action unless such copy of charter is so filed.

141. Secretary of State to furnish copies of charters and certificates upon application.

Gas and Electric Light Companies. 142. Powers of gas-light companies. 143. Of electric-light companies.

Insurance Companies.

144. Amount of capital stock. 145. What branches of insurance business company may engage in.

146. May be mutual or stock or

mutual and stock companies. 147. Mutual or co-operative life, accident or health insurance companies may become joint stock corporations; rights of policy holders.

148. Life and accident companies. 149. Life and health insurance companies to have guaranteed capital of not less than $100,000. Securities to that amount to be deposited with State treasurer. Change of such securities.

150. Wife's insurance of husband's life.

151. Foreign to have like capital as

domestic companies.

152. Every insurance company to conduct business in its own corporate name.

153. Foreign companies to file their charter with clerk.

154. Life insurance companies may not discriminate in favor of individuals of the same class in payment of premiums. 155. No State license for allowance of rebate to be procured.

156. Penalty for violation of aforegoing provisions.

157. Insurance of wife's and minor's

property.

165. Conditions upon which foreign insurance companies may transact business in this State. 166. Additional conditions. 167. License to agents and solicitors. Tax on premiums collected. Fees to insurance commissioner.

168. Payment of commissions to unlicensed agents or solicitors prohibited. Penalty. 169. Policies to be valid must be signed by authorized officer or agent resident in this State. Proviso as to rolling stock and movable property of railroads. Premiums to be reported to insurance commissioner.

170. License of authority must be obtained by certain surety or guaranty companies.

171. When license shall be issued. 172. Cost of license.

173. Penalty for non-compliance with requirements.

174. What companies not required to pay license fee.

175. Penalty for acting without license. "Insurance company" defined.

176. Mutual co-operative assessment or stock plan insurance companies.

177. Such organizations may make contract of insurance upon adults and infants.

178. Annual statement.

179. Wilful insurance of unhealthy

persons, penalty for.

180. Fraudulent claims and representations.

181. Assumption of misleading cor

196. When untrue statements in ap plication for life insurance may forfeit policy.

197. Mistaken statement of age of insured; real age to be the basis of payment.

198. Abstract of annual statement to be published by insurance companies doing business in the counties; proviso.

Insurance Broker.

199. Licenses to insurance brokers shall be granted by insurance commissioner. Who is to be deemed insurance broker. 200. $100 the cost of such license, and $1 fee to insurance commissioner. $25 the cost of such license for county where broker resides.

201. Penalty for violation of sections 199 and 200.

202. Sheriffs to furnish names of insurance brokers to insurance commissioner.

211. Copy of charter and other

papers to be filed with insurance commissioner. 212. Insurance commissioner to examine into the affairs of such association.

213. Annual report to be filed with the insurance commissioner by such association.

214. Insurance commissioner to act as attorney for non-resident societies.

215. Abstracts of reports of insurance commissioner to be furnished to such associations. 216. When such associations may employ paid agents.

217. Money of such association exempt from attachment. 218. Meetings of governing bodies. 219. Penalty for false statement by officers or members.

220. Penalty for refusal by such

association to make reports. 221. Penalty against agent violating sections 210 to 223.

222. Incorporation under this article.

223. Changing charter or constitution, a forfeiture of privileges of section 210.

224. Insurance commissioner to notify societies of these sections.

225. To what societies, orders or associations these provisions do not apply.

Manufacturing Companies. 226. How to extend or enlarge business; certificate to be filed.

Mining Companies. 227. Extent of holding of land; capital stock; quorum.

228. May build and operate railroads. 229. Not to interfere with Chesa

peake and Ohio canal or Baltimore and Ohio railroad.

230. Legislature may change use of such railroads.

231. Not to run through incorporated towns without consent. 232. May purchase or condemn property for such railroads. 233. Connection with such railroads. 234. Rates of transportation when not furnishing cars.

235. What cars may be placed upon. 236. Roads not to exceed ten miles in length.

237. Rates when furnishing cars. 238. How to pass through gap at Will's mountain,

239. Arbitration by board of public works.

Minors-Institutions and Societies for Care and Protection of. 240. Powers of such institutions and societies.

Municipal Corporations. 241. May make levy to pay judgments against.

Railroad Corporations. 242. Railroad companies may be formed, how.

243. What certificate must contain. 244. General powers of corporation. 245. May construct road. 246. Capital stock.

247. Payment of instalments upon. 248. Collection of unpaid instalments; how.

249. Increase of capital stock. 250. Opening books for subscriptions; election of directors. 251. Railroad companies may purchase or condemn property. Condemnation proceedings.

252. Jury of inquisition. 253. Right of way of unfinished railroad unused for ten years to be held to be abandoned. 254. Change of location or grade.