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CHAPTER 301.
AN ACT to amend an Act entitled "An Act to
Incorporate the Central Coal Mining and Man-
ufacturing Company, " passed at January Ses-
sion, eighteen hundred and fifty-three, Chapter
three hundred and sixty-six, authorizing said
Company to reduce its capital stock.
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Reduction of
capital stock.
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SECTION 1 . Be it enacted by the General Assembly
of Maryland, That the said Central and Coal Min-
ing and Manufacturing Company be and the same
is hereby authorized and empowered to make in
such manner and form as said Company may deem
expedient a reduction of its capital stock to any
amount so that said reduction shall not exceed one
million of dollars, provided said reduction shall
be approved by the Board of Directors of said
Company and reported to and confirmed by a ma-
jority of the stockholders as represented on the
stock book of said Company at a general meeting
of said stockholders to be regularly convened at
such time and place as said Board of Directors may
appoint, and upon such notice as is prescribed by
the sixth Section of said original Act for the call
of other meetings of said stockholders, and when
so approved and confirmed the said Company shall
have power to call in and cancel the original stock
and issue to the several holders thereof their re-
spective proportions of said capital stock as re-
duced under the provisions of this Act..
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In force and
reservation.
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Sec. 2. And be it enacted. That this Act shall
take effect from the date of its passage, and the
Legislature reserves to itself the right to alter,
amend or repeal this Act at pleasure.
Approved March 30, 1868.
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