424

LAWS OF MARYLAND.

States, or of any of the several States thereof, in the

capital stock of the said company, or in the stock of

any municipal or other corporation established under

the laws of any of the said States.

SEC. 2. Be it enacted, That any shares of the cap-

ital stock of the Washington Fire Insurance Com-

pany of Baltimore thus purchased may be cancelled

at the discretion of the board of directors, and new

May be can-
celled.

subscriptions to the capital stock of the said com-
pany may from time to time be received, but in no

case shall the entire number of shares exceed five

thousand of the par value of one hundred dollars

each, as now authorized by its charter and amend-

ments.

SEC. 3. Be it enacted, That this act shall be sub-

mitted to the stockholders of the said company at a

How ratified.

general meeting called for the purpose, and if ap-
proved by a majority of the stockholders according

to the ratio of votes established by the amendment

to its charter, it shall then go into effect and become
a law binding said corporation.

SEC. 4. This act shall take effect from and after

Effective.

the date of its passage.

Approved April 10, 1880.

CHAPTER 278.

AN ACT to prohibit the granting of license for

the sale of spirituous or fermented liquors or

lager beer at or near the village of Powellsville,

in Wicomico county.

SECTION 1. Be it enacted by the General Assem-

bly of Maryland, That hereafter it shall not be

Unlawful li-

lawful for the clerk of the Circuit Court for Wicom-

cense

ico county to issue license to any person or persons

to sell spirituous or fermented liquors, or lager beer,