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Session Laws, 1880
Volume 395, Page 755   View pdf image (33K)
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WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 755

CHAPTER 484.


AN ACT to amend an act of January session, eigh-


teen hundred and fifty-three, chapter one hundred


and thirty-seven, entitled "An act to incorporate


the 'Patapsco Company,'" by authorizing the


Patapsco Company to convert its capital stock


from twenty-five thousand shares, of one hundred


dollars each to one hundred thousand shares of


twenty-five dollars each.


WHEREAS by section two of the act of the General


Assembly of Maryland, passed at January session,


eighteen hundred and fifty-three, chapter one hun-

Preamble.

dred and thirty-seven, incorporating the Patapsco


Company, its capital stock is limited to twenty-five
thousand shares, of one hundred dollars each.


SECTION 1. Be it enacted by the General Assem-


bly of Maryland, That the Patapsco Company be


and it is hereby authorized to convert its capital


stock into one hundred thousand shares of twenty-


five dollars each, and upon the surrender of out-


standing certificates of its stock, as at present con-


stituted, to issue in place thereof certificates for new

Convert capi-

shares of twenty-five dollars each, in the proportion

tal stock.

of four shares of the latter for one share of the


former; provided, however, that this act, and the


power hereby granted, be accepted, and the con-
version of stock hereby contemplated be ratified by


a majority in interest of the stockholders, at a special


meeting, of which public notice, stating tho time,


place and object thereof, shall have been previously


given by advertisement, inserted in two daily news-


papers of Baltimore city twice a week for two weeks.


SEC. 2. And be it enacted, That this act shall

Effective

take effect from and after the date of its passage.


Approved April 10, 1880.




 

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Session Laws, 1880
Volume 395, Page 755   View pdf image (33K)
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