HARRY W. NICE, GOVERNOR. 1063

powered, subject to any limitations or restrictions set forth in
the charter and to the limitations and restrictions set forth
with respect to charter amendments in Section 28 of this Ar-
ticle, to classify or reclassify any unissued stock by fixing or
altering in any one or more specified respects, from time to
time before the issuance of such stock, the preferences, voting
powers, restrictions and qualifications of, the fixed annual
dividends on, the times and prices of redemption of, and
the conversion rights of, such stock. Whenever the board
of directors, so empowered in the charter, shall so fix or alter
the preferences, voting powers, restrictions or qualifications
of, the fixed annual dividends on, the times or prices of re-
demption of, or the conversion rights of, any such unissued
stock, and before any such stock shall be issued, a further de-
scription of such stock, with the preferences, voting powers,
restrictions and qualifications thereof, the fixed annual
dividends thereon, the times and prices of redemption
thereof, and the conversion rights thereof, as so fixed or
altered by the board of directors, shall be set forth in articles
supplementary to the charter, which articles shall be verified
under oath by the chairman or secretary of the meeting of the
board of directors at which such preferences, voting powers,
restrictions, qualifications, fixed annual dividends, times
or prices of redemption or conversion rights, shall have been
so fixed or altered, and shall in other respects be executed,
acknowledged and recorded in the manner, including payment
of the same recording fees, prescribed in Section 29 of this
Article with respect to articles of amendment. A duly certi-
fied copy of such articles supplementary from the records of
the State Tax Commission or the Circuit or Superior Court
shall be evidence of the classification so fixed or altered and
therein set forth.

SEC. 8. And be it further enacted, That paragraph (4) of
Section 39 of Article 23 of the Annotated Code of Maryland
(1935 Supplement) be and the same is hereby repealed and re-
enacted with amendments so as to read as follows:

(4) The number of shares of such stock may be increased
or decreased in the manner and subject to the conditions pro-
vided in Sections 28 to 32, inclusive, of this Article. The
amount of such stock issued may be reduced in the manner and
subject to the conditions provided in said Section 32.

SEC. 9. And be it further enacted, That Section 50, Section
76 and Section 92 of Article 23 of the Annotated Code of
Maryland (Edition of 1924 and 1935 Supplement) be and the
same are hereby repealed and re-enacted with amendments so
as to read respectively as follows: