1904,] OF THE HOUSE OF DELEGATES. 1951
general meeting assembled, from time to time, to pro-
vide for calling in and canceling the whole or any
part of the capital stock, and issuing other stock in-
stead thereof, at such par value as they may decide
on, to an amount not exceeding the true value of such
stock, in such manner as to provide such contingent
fund or surplus not represented by stock, as they may
decide to be necessary; provided, that notice of every
such meeting of stockholders shall be given in the
manner required by section 76 of Article 23, of the
Code of Public General Laws, and the proceedings
thereafter shall be similar to those prescribed in sec-
tion 77 and 78 of said Article."
Amend section 1 by striking out the first' six lines
of the engrossed bill, and insert in lieu thereof the
following
"Section 1. Be it enacted by the General Assembly
of Maryland, That section 85 M of Article 23 of the
Code of Public General Laws, title 'Corporations,' sub-
title 'General Regulations,' be and the same are hereby
repealed and re-enacted with amendments so as to
read as follows, and an additional section to be known
as 'Section 85 N,' shall be added to said Article 23, to
follow section 85 M, to read as follows."
Amend title by inserting in line 1, after the word
"re-enact" the following "with amendments."
And after the word "regulations" in line 8, the fol-
lowing:
"And to add an additional section to be designated
as 'Section 85 N,' provided for calling in and canceling
the stock of any such company."
Endorsed: "Read the third time and passed by yeas
and nays, as amended."
Which amendments were concurred in, and
The bill as amended was passed by yeas and nays
as follows:
AFFIRMATIVE.
Messrs.
Speaker, Murphy, of Dor., Hall,
Buckler, Fryer, Morrison,
Atwell, Hill, Orem,
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