ALBERT C. RITCHIE, GOVERNOR 1119

the chairman or secretary of the meeting of the board of
directors or the stockholders, as the case may be, at which
the issuance of the stock and/or convertible securities therein
mentioned shall have been authorized.

(5) Such statement, together with a copy thereof, shall
be delivered to the State Tax Commission, which, upon the
payment, and not before, of the recording fees for which
provision is -hereinafter made, shall receive the same for
record and endorse thereon the date and time of such receipt
and promptly record the same; and the State Tax Commis-
sion shall forthwith transmit a copy thereof duly certified by
it to the Clerk of the Circuit or Superior Court (according
to the location of the principal office of the corporation), by
whom the same shall be again recorded. At the time of
receiving such statement for record the State Tax Commis-
sion shall collect recording fees of five dollars, two dollars
of which shall be paid by it for recording the same to the
Clerk of the Circuit or Superior Court, to whom a copy of
such statement shall be transmitted for recording, as afore-
said, and for the balance it shall account quarterly to the
Comptroller and pay the same forthwith to the State Treas-
urer for the use of the State. The receipt for record of such
statement by the State Tax Commission shall be conclusive of
the payment of the fees required by law to be paid to it,
except in a direct proceeding for the collection of the same.
A duly certified copy of such statement from the records of
the State Tax Commission or the Circuit or Superior Court
shall be prima facie evidence of the facts therein set forth.

(6) After the receipt for record of such statement by the
State Tax Commission, the corporation may forthwith or from
time to time issue the stock and/or convertible securities
therein mentioned for the consideration therein specified.

35C. The charter of any corporation of this State incor-
porated on or after June 1, 1920, may empower the board
of directors thereof to authorize the issuance from time to
time of shares of its stock of any class and/or convertible
securities for a certain specified consideration or certain speci-
fied considerations, subject to such limitations and restrictions,
if any, as may be set forth in the charter or in the by-law
of the corporation. Such authorization, however, shall not
he effective for the purposes of this Section unless such
charter shall set forth :