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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3266   View pdf image (33K)
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928

LAWS OF MARYLAND.

and the amount to which it shall be proposed to
increase or diminish the capital.

Two-thirds
necessary.

Sec. 72. And le it enacted, That if at any time
and place specified in said notice stockholders shall
appear in person or by proxy in number represent-
ing not less than two-thirds of all the shares of
stock of the corporation, the said stockholders, or
the said members as the case may be shall organ-
ize by choosing one of the Trustees, Directors or
Managers chairman of the meeting, and also a
suitable person for secretary, and proceed to a vote
of those present, in person or by proxy, a.nd the vote
of at least two-thirds of all the shares of the stock
shall be necessary to an increase or diminution of
the amount of its capital stock.

Certificate
necessary.

Sec. 73. And be it enacted, That if on canvass-
ing the votes, it shall appear that a sufficient num-
ber of votes has been given in favor of increasing
or diminishing the amount of capital of said cor-
poration, a certificate of the proceedings showing
a compliance herewith, the amount of capital act-
ually paid in, and the amount to which the capital
stock shall be increased or diminished, shall be
made out and signed by the chairman, and such
certificate shall be sworn to by the President, and
recorded in the office of the Clerk of the Superior
Court of Baltimore City, if the principal office of
said corporatiou shall be therein located, or in the
office of the Clerk of the Circuit Court of that
county in which said principal office is located.

Notice of
intention.

Sec. 74. And be it enacted, That any corpora-
tion heretofore formed under the general laws of
this State, or under any special Act for any pur-
pose for which a corporation may be formed under
this Article, may cause itself to be incorporated
under this Article ; provided, the Directors, Man-
agers or Trustees thereof give notice to the stock-
holders thereof, required by the seventy-first sec-
tion of this Article, coijtaining the particulars
therein set forth in the manner therein provided,
and provided that at the meeting called in pursu-
ance of such notice, or at any adjourned meeting,
there be present stockholders representing, in per-
son or by proxy, not less than two-thirds of all the
shares of the stock of the said corporation, and



 
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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3266   View pdf image (33K)
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