JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 545

Judge of the Superior Court for Baltimore city, in
the penalty of two thousand dollars each, conditioned
for the faithful performance of their duties, as now
prescribed by law or which shall hereafter be pre-
scribed.
SEC. 2. And be it enacted, That this act shall take
effect from and after the first Monday in May next,	When effec-
and that the coroners already appointed to serve	tive.
from that time shall receive the benefit of this act.
Approved April 1, 1878.

CHAPTER 348.
AN ACT to amend the charter and enlarge the
powers of the Maryland Coal Company.
SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Maryland Coal Company,
incorporated by the act of January session, eighteen hundred and sixty-eight, chapter four hundred and
twenty-eight, and the supplementary act of January session, eighteen hundred and seventy, chapter fifty,
be and it is hereby authorized and empowered to
create and issue not exceeding twenty thousand	Create and
shares of preferred stock of the par value of one	issue per-
hundred dollars a share, with right to such annual	petual stock.
or semi-annual preferential dividends not exceeding
ten per centum per annum, out of the net earnings
of the corporation, as the president and directors, or
a majority of them and a majority of the stockhold-
ers, may determine and adopt prior to issuing such
stock, and said preferred stock may be sold or ex-
changed for and upon surrender and cancellation of
the common stock of said corporation for such price
and upon such terms and conditions as the president
and directors, or a majority of them and a majority
of the stockholders, may determine and approve.
SEC. 2. And be it further enacted, That the pres-
ident and directors of said corporation, or a majority
35