1374 LAWS OF MARYLAND.

thereof to be prescribed from time to time by the by-laws, who
shall serve until the next annual meeting after their election or
until their successors shall have been duly elected and qualified.
The directors so elected by said company and their successors
are hereby authorized and empowered to enjoy and exercise all
the rights and privileges conferred upon them in the charter of
said company and in the amendments to the same. The capital
stock of said company shall consist of twenty-thousand (20,-
000) shares of the par value of twenty-five dollars ($25) each,
aggregating five hundred thousand dollars ($500,000) with the
power to the said corporation to increase the same from time to
time to any amount not exceeding five million dollars ($5,000,-
000), in shares of like par value, by a vote of the stockholders of
said company at an annual meeting1 or a special meeting called
for that purpose; and whenever the capital stock shall be at any
time increased, the stockholders, at the time of such increase,
shall be entitled to subscribe to a pro rata proportion of such
increase and to receive such stock on the payment of the price
that may be fixed by the board of directors. The directors, or
a majority of them, shall have power to open books for sub-
scriptions for such increased capital stock at such times and
places as they may deem expedient.

SEC. 4. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 8, 1908.

CHAPTER 192.

AN ACT authorizing and directing the Police Commissioners
of Baltimore city to pay to Mr. George A. Grimes, a former
policeman of Baltimore city police force, a pension of nine
dollars per week.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That if the Police Commissioners of Baltimore city after a
careful examination are satisfied it is proper, they are hereby
authorized and directed to pay Mr. George A. Grimes, a former
policeman of the police force of Baltimore city, out of the
funds in their possession or subject to their control, a weekly
pension of nine dollars, payable on the last day of each week.

SEC. 2. And be it further enacted. That this Act shall take
effect from the date of its passage.

Approved April 8, 1908.