272

LAWS OF MARYLAND.

CHAP. 187

Maryland, Code of 1904; and that said corporation may
issue any or all of its original or increased capital stock for
services, or for property of any description; provided, that
such services and property are suitable for any of the pur-
poses of the company, and that the value of such services
and property, and the propriety of issuing stock therefor,
shall be agreed upon, and the issue authorized by the affirm-
ative vote of a majority of all the stock outstanding and enti-
tled to vote at any meeting called for that purpose; and pro-
vided further, that the books of the corporation shall be so
kept as to show at all times fully what property was received
and what services were rendered for the said stock, and at
what value, and the number of the shares issued for the same,
which said books shall be always open to the inspection of
any shareholder or creditor holding an overdue debt of the
corporation; but the valuation placed by the stockholders
upon such services or property as aforesaid, and the pro-
priety of their action in accepting the same and issuing the
agreed number of shares therefor, shall be conclusive against
and binding upon any and all creditors of the corporation.
SEC. 6. And be it enacted, That notice of the time, place

Notice given of
the time of
meeting, etc.

and purpose of any meeting of the board of directors or
stockholders, shall be such as may be provided by the rules
and by-laws of said corporation, but such notice may be dis-
pensed with if every member shall attend in person, or if
every stockholder shall attend in person or by proxy, or if
every member or stockholder shall by writing, filed with the
records of the meeting, waive such notice.
SEC. 7. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved March 27, 1906.

CHAPTER 188.

AN ACT to repeal and re-enact with amendments Sections
68, 69, 70, 71, 72, and 73, 77 and 78 of Article 72 of the
Code of Public General Laws, title "Oysters."

Repeal and
re-enact.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 68, 69, 70, 71, 72, 73, 77 and 78 of
Article 72 of the Code of Public General Laws, title
"Oysters," be and the same are hereby repealed and re-enacted
with amendments, so as to read as follows :