1208 LAWS OF MARYLAND. [CH. 581

and/or the maximum amount of convertible securities author-
ized to be so issued and the minimum price to be received for
each share of each class or the minimum price to be received
for a given number of shares of one or more classes and/or for
a given amount of convertible securities, as the case may be.

(b) In the case of stock and/or convertible securities author-
ized to be issued for a consideration other than money, the
number of shares of each class and/or the amount of con-
vertible securities authorized to be issued therefor, a particular
description of such consideration, showing its nature and char-
acter, and the actual value of such consideration as fixed by
the incorporators, or by the board of directors in the case of an
amendment to the charter.

(e) The terms in detail upon which any convertible securi-
ties authorized to be issued are convertible into stock of the
corporation.

45. If empowered so to do by the charter, the board of
directors of any corporation of this State may authorize the
issuance from time to time of shares of its stock without par
value of any class and securities convertible into shares of its
stock without par value of any class for such considerations as
. said board of directors may deem advisable, subject to such
limitations and restrictions, if any, as may be set forth in the
charter or in the by-laws of the corporation. The board of
directors shall, by resolution, state its opinion of the actual
value of any consideration other than money for which it
authorizes shares of stock without par value or securities con-
vertible into shares of stock without par value to be issued,
unless such value shall have been fixed by the charter.

85. Original or duplicate stock ledgers, containing the
names and addresses of the stockholders of every corporation
of this State, having capital stock, and the number of shares
(of each class, if two or more classes have been issued) held by
them respectively, shall during the usual business hours of
every business day be open for the inspection of any person or
persons holding in the aggregate five per cent, of the outstand-
ing capital stock, or five per cent, of any class thereof, if two
or more classes have been issued, at its principal office in this
State or at any other office or agency of the corporation in
such city or town as may be specified in the by-laws. In any
case in which original or duplicate stock ledgers are not, kept