T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

and required to levy upon the assessable property
of the said county a sum sufficient to defray the
expenses incurred in transcribing said record,

CHAPTER 125.

CHAP. 125.

AN ACT for the benefit of the Easton Gas Light
Company of Talbot county.

Passed Feb.
29, 1860.

WHEREAS, the Easton Gas Light Company of
Talbot county, incorporated under the act of eigh-
teen hundred and thirty-eight, chapter three hun-
dred and thirty-eight, being the general law for
the formation of corporations for manufacturing
purposes, fixed the nominal capital stock of said
company in its charter at twelve thousand dollars,
divided into shares of ten dollars each; and whereas,
but eight hundred and fifty-eight shares of the said
stock were actually subscribed and paid, and it is
proposed by the said company to reduce the said
stock yet further to a sum less than five thousand
dollars, by sinking a part of the stock actually sub-
scribed; now, therefore, to enable the said company
to reduce its capital stock to such amount as may
be deemed by the said company sufficient for its
purposes, and to make valid the acts and proceed-
ings of the said company under its charter.

Preamble.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the said Easton Gas Light Com-
pany of Talbot county, shall have full power and
authority to reduce its capital stock to any sum not
less than four thousand dollars at any time, by a
vote of two-thirds of all the shares of stock actually

Empowered
to reduce
stock.

subscribed and paid; Provided, the stockholders
are notified to attend a meeting for that purpose,
by advertisement, published by the directors of the
company, in one or more newspapers published in
Talbot county, at least ten days before the meeting,
giving notice of the time, place, and purposes of
said meeting.

Proviso.

SEC. 2. And be it enacted, That in all meetings

of the stockholders of said company, the voting

Voting by
shares.