282 LAWS OF MARYLAND [CH. 135

of directors except in cases where, for the particular corpora-
tion, statements as to such facts were given in a prior charter
paper.

(d) The articles of restatement of the charter shall be signed
and acknowledged in the name and on behalf of the corpora-
tion by the president or a vice-president, the corporate seal
shall be affixed and attested by the secretary or an assistant
secretary, and the matters and facts set forth in said articles
of restatement of the charter with respect to authorization
thereof by the board of directors shall be verified tinder oath
by the chairman or the secretary of the meeting of the board
of directors at which such restatement of the charter was
authorized.

(e) No amendment of the charter of any corporation of this
State shall be effected by the filing for record with the Com-
mission of articles of restatement of the charter except as in
this section specifically permitted.

(f) Upon acceptance for record by the Commission of any
articles of restatement of the charter, such restatement of the
charter or any duly certified copy thereof from the records of
the Commission or the Clerk of Court, shall be evidence of the
charter of the corporation and of the facts and corporate
action in such articles required to be stated.

CAPITAL STOCK AND STOCKHOLDERS

14. (Charter Provisions. ) (a) Every corporation of this
State by its charter may provide:

(1) For one or more classes of stock and the voting rights
thereof and any restrictions on or denial of such rights.

(2) As to each class of stock, either the par value of the
shares or that the shares are without par value.

(3) That the corporation shall set apart for or pay to the
holders of a certain class or certain classes of stock, dividends
thereon at such rates, or in such amounts, and at such times
as specified, before any dividends shall be set apart for or
paid to the holders of some other class or classes of stock, and
such dividends may be made cumulative, cumulative to a
limited extent, or non-cumulative.

(4) That any class of stock is preferred over other classes
of stock as to its distributive share of the assets upon volun-
tary or involuntary liquidation of the corporation, and the
amount or amounts of such preference.

(5) That one or more classes of stock, as specified, may be
redeemed at the option of the corporation or of the holders of
such stock and the terms and conditions of redemption.