238

LAWS OF MARYLAND.

Shares.

thousand dollars, divided into twenty thousand shares

at the par value of twenty-five dollars, as provided

by said act; and that every member, either in per-

son or by proxy, shall have one vote for each share

he may hold to the full amount of his shares, at every

meeting of the shareholders.

SEC. 3. And be it enacted, That the directors of

Directors call

said company may be required, on the written appli-

general meet-

cation of the shareholders holding a majority of the

ing.

shares of stock, to call a general meeting of stockhold-

ers, and in case of their refusal or failure so to do, the

said shareholders holding a majority of the shares of

said stock may call such general meeting, as hereinbe-
fore mentioned, instead of upon the written applica-

tion of shareholders holding one thousand shares or

more of said stock, and in case of their refusal so

to do the said shareholders holding one thousand shares

Shareholders

or more of stock may call such general meeting in

may.

the manner above mentioned, as provided by said

act.

SEC. 4. And be it enacted, That the said act shall

Act operative

be and continue operative and in force in all respects,

except as herein amended and provided.

SEC. 5. And be it enacted, That the amendments

above set forth shall be submitted to the vote of the

shareholders of said company, at a meeting conven-

Shall be vot-

ed for that purpose, and upon receiving the assent

ed upon.

of the majority of the said shareholders it shall be

and continue in all respects the act of incorporation

of eaid company, as herein amended and provided.

SEC. 6. And be it enacted, That this act shall take

Effective

effect from the date of its ratification.

Approved April 2, 1880.