32

LAWS OF MARYLAND.

empowered to call in, at their pleasure, by resolution
to be passed by said Board of Directors, the whole

of said stock, so outstanding in the hands of its

stockholders, and after cancelling a sufficient num-

ber of said shades of stock, in the hands of each

stockholder, as will suffice to make the residue full

paid stock of par value of five dollars per share,

issue a new certificate or certificates of full paid

stock for the remaining shares of stock to which

each stockholder shall or may be entitled.

Fractional part

SEC. 2. And be it further enacted, That in making

of a share

said reduction, any stockholder entitled to a frac-

tional part of a share of said stock shall pay to said

company the balance necessary to make said frac-

tional part a full paid share.

SEC. 3. And be it further enacted, That any act, or

Repealing

part of any act, conflicting with this act, be and the

same is hereby repealed.

SEC. 4. And be it farther enacted, That this act shall

In force.

take effect from the date of its passage.

Approved, 13th February, 1874.