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Session Laws, 1910 Session
Volume 487, Page 1400   View pdf image (33K)
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1400

LAWS OF MARYLAND.
CHAPTER 135.

AN ACT to amend the Act of the General Assembly of Mary-
land, passed at its December Session, 1835, Chapter 328,
entitled "An Act to incorporate the George's Creek Mining
Company as amended and supplemented by the Act of the said
General Assembly of Maryland, passed at its May Session,
1836, Chapter 382," entitled "A supplement to the Act to
incorporate the George's Creek Mining Company (whereby,
amongst other things, the name of said company was changed
to the name of the George's Creek Coal and Iron Company),
by authorizing the said company to make a payment to its
stockholders on account of their capital stock, and reduce
the par value of said capital stock."

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the George's Creek Coal and Iron Company be and
it is hereby authorized and empowered to diminish all the
shares of its capital stock by a payment on account of said
shares to the several holders of said shares, so as thereby to
reduce the par value of said shares from one hundred dollars
per share to ten dollars per share; provided, that such payment
on account of said shares of said capital stock and said reduc-
tion of the par value of said shares of said capital stock
thereby, as aforesaid, be authorized by a majority vote of all the
stockholders of said company present in person or by proxy at a
special meeting of the stockholders of said company called for
the purpose of authorizing the diminution of said shares of
said capital stock by a payment to the stockholders on account
thereof and thereby reducing the par value of all said shares
of said capital stock from one hundred dollars per share to ten
dollars per share. Said notice shall be published conformably
to the notice required by the original charter of said company
to be given of the annual meeting of its stockholders, and, in
addition thereto, a written or printed notice, stating the place,
day and hour of such meeting of the stockholders of said com-
pany and the business to be transacted thereat shall be given
to each stockholder twenty days previous to said day so adver-
tised by leaving the same with him or her at his or her resi-
dence or usual place of business, or by mailing the same, ad-
dresed to him or her at his or her address as it appears on the
books of the company. Said notices shall be signed by the
treasurer of the said company, either by his own hand or by
stamping thereon a fac-simile of his signature.

SEC. 2. And be it enacted, That the said payment on account
of said shares of said capital stock to the stockholders of said
company and such reduction thereby of the par value of said
shares as hereinbefore mentioned, if authorized by said stock-


 

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Session Laws, 1910 Session
Volume 487, Page 1400   View pdf image (33K)
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