CORPORATIONS 785

corporation prior to such amendment) by whom the same shall again be
recorded. At the time of receiving such articles of amendment for record,
the State Tax Commission shall collect the same recording fees, to be com-
puted in the same manner as is the case of a certificate of incorporation, and
the same to be divided, accounted for and paid over by the Commission
as in the case of a certificate of incorporation.

(2) When such articles of amendment have been delivered to the State
Tax Commission with the recording fees, for which provision is hereinbe-
fore made, and the bonus tax, if any payable, the amendment or amend-
ments made thereby shall take effect, and not before. A duly certified copy
of such articles of amendment from the records of the Secretary of State,
the State Tax Commission or the Circuit or Superior Court shall be evi-
dence of the amendment or amendments made thereby. The recording by
the State Tax Commission of the articles of amendment shall be conclusive
evidence of the payment of the recording fees and the bonus tax, if any,
required by law to be paid to it, except in a direct proceeding by the State.

Amendment proceedings held abortive because the proposed amendment was not
acknowledged and recorded as required by secs. 51, 52, and 55 of the Code of 1904.
Morgan v. Landstreet, 109 Md. 585. Cj. Brown v. Maryland Telephone Co., 101 Md.
581; Windsor v. Bandel, 40 Md. 175.

See notes to secs. 28, 43 and 403.

An. Code, 1924, sec. 30. 1912, see. 26. 1904, sec. 86. 1888, sec. 78. 1868, ch. 471, sec. 73.

1908, ch. 240, sec. 26. 1916, ch. 596, sec. 26. 1922, ch. 309,

sec. 26. 1931, ch. 480, sec. 30.

30. If an increase of the authorized capital stock of any corporation
shall have been duly authorized, as in Sections 28 and 29 provided, the
articles of amendment shall set forth: (a) the total number and par value
of the shares of the capital stock theretofore authorized and, if more than
one class, the number and par value of the shares of each class; (b) the
total number and par value of the shares of the authorized capital stock
as increased and, if more than one class, the number and par value of the
shares of each class; and (c) the preferences, voting powers, restrictions
and qualifications of each class of the authorized capital stock as increased
or a statement that such terms thereof are as set forth in the charter.

See notes to secs. 43 and 403.

Cited but not construed in Perkins v. LeViness, 134 Md. 265.

As to an increase of the capital stock of railroad companies, see sec. 204.

An. Code, 1924, sec. 31. 1912, sec. 27. 1904, sec. 86. 1888, sec. 78. 1868, ch. 471, sec. 73
1908, ch. 240, sec. 27. 1916, ch. 596, sec. 27. 1931, ch. 480, sec. 31.

31. (1) If a decrease of the authorized capital stock of any corporation
shall have been duly authorized as in Sections 28 and 29 provided, the
articles of amendment shall set forth: (a) the total number and par value
of the shares of the capital stock theretofore, author ized and, if more than
one class, the number and par value of the shares of each class; (b) the
total number and par value of the shares of the capital stock issued and, if
more than one class, the number and par value of the shares of each class;
(c) the total number and par value of the shares of the authorized capital
stock as decreased and, if more than one class, the number and par value
of the shares of each class.

(2) No amendment of the charter by which the amount of issued
capital stock is reduced shall be made except in compliance with Section
32 of this Article and subject to the provisions thereof.

In the absence of express authority, a corporation in this /state has no power to
purchase its own shares, and the amount of the capital stock of a corporation can-