ALBERT C. RITCHIE, GOVERNOR 1125

and the classification if desired of such increase; the decreasing
of the authorized but unissued capital stock by reducing the
number of shares thereof; the changing of the number and/or
par value of shares of the capital stock or of any class thereof,
provided the total amount of outstanding stock is not thereby
increased the classification or re-classification of all or any
part of the capital stock; and the making of any other amend-
ment of the charter that may be desired, provided that such
amendment shall contain only such provisions as it would be
lawful or proper to insert in an original certificate of incor-
poration made at the time of making such amendment. No
amendment of the charter of a corporation shall be valid
which changes the terms of any of the outstanding stock by
classification, re-classification or otherwise, in the absence of
a reservation in the charter of the right to make such amend-
ment, unless such change in the terms thereof shall have been
authorized by the holders of all of such stock at the time
outstanding, by vote at a meeting or in writing with or with-
out a meeting; and in the case of any such change of terms of
outstanding stock, the articles of amendment shall, in addi-
tion to other matters required by law, affirmatively set forth
that the holders of such stock have duly authorized such
change of terms.

SEC. 9. And be it further enacted, That nothing in this
Act shall be taken or construed as affecting the existence of
any corporations existing on June 1, 1920, or as impairing
the validity of any corporate act done or performed in con-
formity with the pre-existing law; and nothing in this Act
shall release any corporation from the payment of any tax
or the performance of any obligation to the State or to any
county, or city therein due or existing on June 1, 1920, or
affect or change the remedy for the collection or enforcement
of the same; and nothing in this Act shall release, affect or
impair the rights of any credit of any corporation or the
obligations or liability of any corporation or of any corporate
director or officer existing on June 1, 1920, or affect or change
the remedy for the collection or enforcement of the same.

SEC. 10. And be it further enacted, That this Act shall
take effect on June 1, 1920.

Approved April 9, 1920.