ALBERT C. RITCHIE, GOVERNOR. 719

52. Any Clerk of Court, Register of Wills, Sheriff, State's
Attorney or Collector, any County Treasurer or fee officer,
and the members of any board of county commissioners or any
county treasurer or collector, and any officer of the State
Tobacco Warehouse, or of any department, board, commission
or institution embraced within the provisions of Section 47 of
this Article, who shall knowingly fail and refuse to comply
with any order or orders which the Comptroller may make
and prescribe under the authority of said section, with respect
to his office or institution, or who shall knowingly fail and
refuse to comply with any other provision of this law, shall
be guilty of a misdemeanor, and shall be subject to a fine of
not less than fifty dollars, nor more than five hundred dollars,
or to imprisonment for not less than thirty days, nor more
than six months, or both, in the discretion of the Court, for
each and every such offense.

SEC. 5. And be it enacted, That Sections 39 (1), as en-
acted by the Act of 1927, Chapter 581, and 165, 193,
259 and 421, of Article 23 of the Code of Public General
Laws of Maryland (1924), be and they are hereby repealed
and re-enacted with amendments so as to read as follows:

39. (1). Any Corporation of this State, heretofore or
hereafter incorporated, except a banking, safe deposit, trust
or loan corporation, may create one or more classes of stock
without any nominal or par value, with such preferences,
voting powers, restrictions and qualifications thereof not in-
consistent with law as shall be expressed in its charter. Stock
without par value of any class may be made subject to redemp-
tion at such times and prices as may be determined in such
charter. In the case of stock without par value which is
preferred as to its distributive share of the assets of the cor-
poration upon dissolution, the amount of such preference shall
be stated in the charter. In any case in which the par value
of the shares of stock of a corporation is required to be stated
in a certificate of incorporation, articles of amendment, agree
ment of consolidation or any other paper, it shall he stated
in respect of shares without par value, that such shares are
without par value, and when the amount of such stock author-
ized, issued or outstanding is required to be stated, the number
of shares thereof authorized, issued or outstanding, as the
case may be, shall be stated, and it shall also be stated that
such shares are without value.