1052 LAWS OF MARYLAND. [CH. 504

231/2. Any corporation of this State, heretofore or here-
after incorporated, may by its charter confer upon the holders
of any bonds, notes or other obligations, issued or to be issued
by such corporation, any voting or other rights which under
the law are or may be conferred on stockholders.

1341/2. (a) Whenever a plan of reorganization of a cor-
poration of this State includes a provision which may be
carried out, by an amendment of the charter of the corpora-
tion, a reduction of its issued capital stock, the consolidation
or merger of the corporation with or into any other corpora-
tion, the sale, lease, exchange or transfer of property of the
corporation, the issuance by the corporation of shares of stock
or warrants or other instruments evidencing rights or options
to subscribe for shares of stock, the issuance by the corpora-
tion of bonds, notes or other obligations, the dissolution of
the corporation, the making, altering or repealing of by-laws
of the corporation, the removal, election or appointment of
directors, officers or agents of the corporation, or any other
corporate action which may be taken under the laws of this
State with or by a vote of the board of directors or with or by
a vote of the stockholders or with or by a vote of the board of
directors and a vote of the stockholders, and, pursuant to an
order or decree of a court having jurisdiction, such provision
has become binding on the stockholders of the corporation,
the board of directors without a vote of the stockholders, or,
if there is a trustee or receiver of the estate of the corporation,
such trustee or receiver without a vote of the board of directors
or a vote of the stockholders, shall have full power and
authority to take all action necessary to carry out such pro-
vision.

(b) When pursuant to a plan of reorganization an amend-
ment of the charter has been adopted, a reduction of issued
capital stock authorized, a consolidation or merger approved,
the issuance of shares of stock or convertible securities
authorized, or the dissolution of the corporation authorized,
the articles of amendment, articles of reduction, articles of
amendment and reduction, agreement of consolidation, agree-
ment of merger, stock issuance statement (when required), or
articles of dissolution, as the case may be, shall state that the
amendment was adopted, the reduction of issued capital stock
authorized, the consolidation or merger approved, the issuance
of the shares of stock or convertible securities authorized, or
the dissolution of the corporation authorized, by the board of
directors or by the trustee or receiver, as the case may be,
pursuant to such plan of reorganization. When an amend-
ment of the charter has been adopted, a reduction of issued
capital stock authorized, a consolidation or merger approved,
the issuance of shares of stock or convertible securities