278 LAWS OF MARYLAND [CH. 135

(4) To increase or decrease the par value of the authorized
shares of any class having par value, whether issued or un-
issued.

(5) To exchange, classify, reclassify or cancel all or any
part of its shares, whether issued or unissued.

(6) To change the designation of all or any part of its
shares, whether issued or unissued, and to change the prefer-
ences, conversion and other rights, voting powers, restrictions,
including restrictions on transferability, limitations as to
dividends and qualifications, in respect of all or any part of
its shares, whether issued or unissued.

(7) To change shares having par value, whether issued or
unissued, into the same or a different number of shares without
par value, and to change shares without par value, whether
issued or unissued, into the same or a different number of
shares having par value.

(8) To change the shares of any class, whether issued or
unissued, and whether with or without par value, into a differ-
ent number of shares of the same class or into the same or a
different number of shares, either with or without par value,
of other classes.

(9) To cancel or otherwise affect the right of the holders
of the shares of any class to receive dividends which have
accrued but have not been declared.

11. (Procedure to Amend Charter. ) (a) Amendments to
the charter of a corporation of this State having capital stock
shall be made in the following manner, if there are no shares
entitled to vote on such amendments either outstanding or
subscribed for:

(1) If made prior to the first meeting of the board of
directors, amended articles of incorporation in the same form
required for original articles of incorporation shall be filed
with the Commission, signed and acknowledged by all the in-
corporators who signed the original articles of incorporation
and the fees and bonus tax, if any, provided by law shall be
paid. The amended articles of incorporation shall take the
place of the original articles of incorporation upon acceptance
by the Commission for recording.

(2) If made at or after the first meeting of the board of
directors, such amendment shall be approved by vote of a
majority of the entire board of directors.

(b) An amendment to the charter of a corporation, which
consists only of a change in the name of the corporation to