1196                      LAWS OF MARYLAND.                  [CH. 480

(2) Except in cases of express trust, or in which other pro-
visions shall have been made by written agreement between the
parties, the record holder of stock which shall be held by him
as security or which shall actually belong to another, upon de-
mand therefor and payment of necessary expenses thereof,,
shall issue to such pledgor or to such actual owner of such stock,,
a proxy to vote thereon.

30.    If an increase of the authorized capital stock of any cor-
poration shall have been duly authorized, as in Sections 28 and
29 provided, the articles of amendment shall set forth: (a)
the total number and par value of the shares of the capital
stock theretofore authorized and, if more than one class, the
number and par value of the shares of each class; (b) the total
number and par value of the shares of the authorized capital
stock as increased and, if more than one class, the number and
par value of the shares of each class; and (c) the preferences,
voting powers, restrictions and qualifications of each class of
the authorized capital stock as increased or a statement that
such terms thereof are as set forth in the charter.

31.    (1) If a decrease of the authorized capital stock of any
corporation shall have been duly authorized as in Sections 28\
and 29 provided, the articles of amendment shall set forth:
(a) the total number and par value of the shares of the capital
stock theretofore authorized and, if more than one class, the
number and par value of the shares of each class; (b) the total
number and par value of the shares of the capital stock issued
and, if more than one class, the number and par value of the
shares of each class; (c) the total number and par value of the
shares of the authorized capital stock as decreased and, if more
than one class, the number and par value of the shares of each
class.

(2) ~No amendment of the charter by which the amount of
issued capital stock is reduced shall be made except in com-
pliance with Section 32 of this Article and subject to the pro-
visions thereof.

Reductions of Issued Capital Stock.

32.    Every corporation of this State, heretofore or hereafter
incorporated, may from time to time reduce the amount of its
issued capital stock in the following manner and subject to the
following provisions: