from the repeal or modification of its charter, and that such corporation shall thereafter hold its charter subject to the provisions of this Constitution; and any corporation chartered by this State which shall accept, use, enjoy or in anywise avail itself of any rights, privileges or advantages that may hereafter be granted or conferred by any general or special Act, shall be conclusively presumed to have thereby surrendered any exemption from taxation to which it may be entitled under its charter, and shall be thereafter subject to taxation as if no such exemption has been granted by its charter.

New Central Coal Co. v. George's Creek Coal and Iron Co., 37 Md. 537. Montell & Co. v. Consolidation Coal Co., 39 Md. 164. State v. Northern Central R. R. Co., 44 Md. 131. Reed v. Balto. Trust and Guarantee Co., 72 Md. 531. Jackson v. Walsh, 75 Md. 304. Webster v. Cambridge Female Seminary, 78 Md. 193. Phinney v. Sheppard Hospital, 88 Md. 638. State v. N. C. Ry. Co., 90 Md. 471. Scholle v. State, 90 Md. 734. Mealey v. Hagerstown, 92 Md. 745.

Sec. 54. No county of this State shall contract any debt, or obligation, in the construction of any railroad, canal or other Work of Internal Improvement, nor give, or loan its credit to or in aid of any association, or corporation, unless authorized by an Act of the General Assembly, which shall be published for two months before the next election for members of the House of Delegates in the newspapers published in such county, and shall also be approved by a majority of all the members elected to each House of the General Assembly, at its next session after said election.

Baltimore & Drum Point Railroad Company v. Pumphrey, 74 Md. 86. Baltimore & Eastern Shore R. R. Co. v. Spring, 80 Md. 510.

SEC. 58. The Legislature, at its first session after the ratification of this Constitution, shall provide by law for State and municipal taxation upon the revenues accruing from business done in the State by all foreign corporations.

ARTICLE VII.

ARBITRATION AND AWARD.

1888, art. 7, sec. 1. 1878, ch. 379, sec. 1.

1. Whenever any controversy shall arise between any corporation incorporated by this State in which this State may be interested as a stockholder or creditor, and any person in the employment or service of such corporation, which, in the opinion of the board of public works, shall tend to impair the usefulness or prosperity of such corporation, the said board of public works shall have power to demand and receive a statement of the grounds of said controversy from the parties to the same; and if, in their judgment, there shall be occasion so to do, they shall have the right to propose to the parties to said controversy, or to any of them, that the same shall be settled by arbitration; and if the opposing parties to said controversy shall consent and agree to said arbitration, it shall be the duty of the said board of public works to provide in due form for the submission of the said controversy to arbitration, in such manner that the same may be finally settled and determined; but if the said corporation, or the said person in its employment or service, so engaged in controversy with the said corporation, shall refuse to submit to such arbitration, it shall be the duty of the said board of public works to examine into and ascertain the cause of said controversy, and to report the same to the next General Assembly.

Ibid. sec. 2. 1878, ch. 379, sec. 3.

2. All subjects of dispute arising between corporations and any person in their employment or service, and all subjects of dispute between employers and employees in any trade or manufacture may be settled and adjusted in the manner hereafter mentioned.

Ibid. sec. 3. 1878, ch. 379, sec. 2.

3. Whenever such subjects of dispute shall arise as aforesaid, it shall be lawful for either party to the same to demand and have an arbitration or reference thereof in manner follow

ing, that is to say-where the party complaining and the party complained of shall come before, or agree, by any writing under their hands, to abide by the determination of any judge or justice of the peace, it shall and may be lawful for such judge or justice of the peace to hear and finally determine in a summary manner the matter in dispute between such parties; but if such parties shall not come before, or so agree to abide by the determination of such judge or justice of the peace, but shall agree to submit their said cause of dispute to arbitrators, appointed under the provisions of this Article, then it shall be lawful for any such judge or justice of the peace, and such judge or justice of the peace is hereby required, on complaint made before him, and proof that such agreement for arbitration has been entered into, to appoint arbitrators for settling the matter in dispute; and such judge or justice of the peace shall then and there propose not less than two nor more than four persons, one-half of whom shall be employers, and the other half employees, acceptable to the parties to the dispute, respectively, who, together with said judge or justice of the peace, shall have full power finally to hear and determine such dispute.

1888, art. 7, sec. 4. 1878, ch. 379, sec. 4.

4. In all such cases of dispute as aforesaid, as in all other cases, if the parties mutually agree that the matter in dispute shall be arbitrated and determined in a mode different from the one hereby prescribed, such agreement shall be valid, and the award and determination thereon by either mode of arbitration shall be final and conclusive between the parties.

Ibid. sec. 5. 1878, ch. 379, sec. 5.

5. It shall be lawful in all cases for any employer or employee, by writing under his hand, to authorize any person to act for him in submitting to arbitration and attending the

same.

Ibid. sec. 6. 1878, ch. 379, sec. 6.

6. Every determination of dispute by any judge or justice. of the peace shall be given as a judgment of the court over which said judge presides, and of the justice of the peace determining the same; and the said judge or justice of the

peace shall award execution thereon as upon verdict, confession or non-suit; and every award made by arbitrators appointed by any judge or justice of the peace under the provisions of this Article shall be returned by said arbitrators to the judge or justice of the peace by whom they were appointed; and said judge or justice of the peace shall enter the same as an amicable action between the parties to the same in the court presided over by said judge or justice of the peace, with the same effect as if said action had been regularly commenced in said court by due process of law, and shall thereupon become a judgment of said court, and execution thereon shall be awarded as upon verdict, confession or non-suit; and in all proceedings under this Article, whether before a judge or justice of the peace, or arbitrators, costs shall be taxed as are now allowed by law in similar proceedings, and the same shall be paid equally by the parties to the dispute; such award shall remain four days in court during its sitting, after the return thereof, before any judgment shall be entered thereon; and if it shall appear to the court within that time that the same was obtained by fraud or malpractice in or by surprise, imposition or deception of the arbitrators, or without due notice to the parties or their attorneys, the court may set aside such award and refuse to give judgment thereon.

ARTICLE IX.

ATTACHMENTS.

1888, sec. 18. 1860, art. 10, sec. 19. 1832, ch. 307, sec. 1. 18. An attachment may be laid on any interest which the defendant has or may be entitled to in the stock of any corporation, or in the debt of any corporation, transferable upon the books of such corporation; and it shall be the duty of the sheriff or other officer, in laying said attachment, to comply with the requirements contained in Article 23, title "Corporations," of the code, in relation thereto.

Gordon v. Mayor, etc., Balto., 5 Gill. 241. Boyd v. Ches. & O. Canal Co., 17 Md. 195.

ARTICLE XI.

BANKS.

1888, art 11, sec. 1.

1860, art. 12, sec. 1. 1818, ch. 177. 1862, ch. 178. 1864, ch. 3.

1861, ch. 5.

1. Any person having a claim upon or holding a note of any bank in this State under one hundred dollars, after demand of payment of such claim or note at the bank, and refusal or neglect to pay, may recover judgment for the same before a justice of the peace of the county or city where the bank is established, with interest at the rate of six per centum per annum from the time of the demand and refusal.

Ibid. sec. 2. 1860, art. 12, sec. 2. 1818, ch. 177.

2. Upon application made to the circuit court of any county, or the superior court of Baltimore city, or to the judge thereof in the recess, supported by affidavit to be filed in the case, stating that a bank located in the county or city refuses to pay specie for its notes, and upon the court being fully satisfied that such bank does refuse to pay specie for its notes, the said court may order its clerk to issue a scire facias in the name of the State of Maryland, and directed to the said bank by its corporate name and style, to show cause why its charter shall not be declared forfeited by the judgment of the said court. Bank of Md. v. Ruff, 7 G. & J. 448. Alexandria, 10 G. & J. 346.

Planters' Bank v. Bank of

1888, art. 11, sec. 3. 1860, art. 12, sec. 10. 1834, ch. 305.

3. When any such bank shall appoint a trustee or trustees for the benefit of the creditors of such bank, any court of equity having jurisdiction where the said bank is situated or has its office may in its discretion appoint, in place of such trustee or trustees, or any of them, any other person or persons who shall be nominated and recommended by a majority in amount of the creditors of said bank, if the said court shall be satisfied that the interest of the creditors of said bank requires such appointment.