874 LAWS OF MARYLAND. [CH. 495

may appoint other persons to report thereon in their dis-
cretion.

SEC. 2. And be it further enacted, That Sections 155, 156,
158 and 159 of said Article 23 of said Code be and they are
hereby repealed.

SEC. 3. And be it further enacted, That this Act shall
take effect June 1, 1947.

Approved April 16, 1947.

CHAPTER 495.
(Senate Bill 56)

AN ACT to repeal and re-enact, with amendments, Section
29 of Article 23 of the Annotated Code of Maryland (1939
Edition), title "Corporations", sub-title "Amendments after
Organization", to simplify the procedure for 'amendments
to charters when there is no stock outstanding and entitled
to vote thereon.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 29 of Article 23 of the Annotated Code of
Maryland (1939 Edition), title "Corporations", sub-title
"Amendments after Organization", be and it is hereby repealed
and re-enacted, with amendments, to read as folows:

29. Such, amendment or amendments shall be made in the
manner following (or in the manner prescribed by the. applic-
able provisions of Sections 33, 34, 35 and 37 of this Article):

(1) The board of directors shall pass a resolution declaring
that such amendment or amendments is or are advisable and
calling a meeting of stockholders or members to take action
thereon. The meeting of the stockholders or members shall
be duly warned in the manner provided in Section 18 of this
Article. If two-thirds of all the shares (or, if two or more
classes of shares have been issued, two-thirds of each class),
outstanding and entitled to vote thereon, or two-thirds of the
members, vote in favor' of such amendment or amendments,
article of amendment setting forth such amendment or amend-
ments and stating that the same has or have been duly advised
by the board of directors and adopted by the stockholders
or members shall be signed and acknowledged in the name
and on behalf of the corporation by the president or a vice-