ALBERT C. RITCHIE, GOVERNOR. 505

SEC. 2. And be it further enacted, That the said Company
shall have the authority to increase its capital stock from time
to time, provided said increase shall be approved by ft ma-
jority of the Board of Directors of said Company, and like-
wise approved and authorized by two-thirds in amount of
the holders of the stock of said Company and should the
capital stock at any time be increased, the stockholders, at
the time of such increase shall be entitled to a pro-rata share
of such increase, upon the payment of the par value of the
same and of such price in excess of the par value as the Board
of Directors may prescribe and any portion of such increase
which may not be taken by said stockholders, in the exercise
of their rights as stockholders, may be sold, by the directors
of said Company, to other than stockholders, upon such terms;
conditions and for such prices as the Board of Directors may,
from time to time prescribe.

SEC. 3. And be it further enacted, That The Liberty
Trust Company, in addition to the rights, powers, privileges,
immunities and franchises hereinabove expressly or incident-
ally conferred upon it, shall possess, enjoy and have the right
to exercise any and all rights, powers, privileges, immunities
or franchises now or hereafter enumerated or contained in
the General Laws of Maryland applicable to like corpora-
tions and not inconsistent with the provisions hereof.

SEC. 4. And be it further enacted, That the General As-
sembly reserves the right to repeal or to amend this Act at
its pleasure.

SEC. 5. And be it further enacted, That this Act is hereby
declared to be an emergency law, and necessary for the imme-
diate preservation of the public health and safety and being
passed upon a yea and nay vote, supported by three-fifths of
all the members elected to each of the two Houses of the Gen-
eral Assembly the same shall take effect from the date of
its passage.

Approved April 16, 1920.