1852.

LAWS OF MARYLAND.

CHAP. 322.

May increase
or diminish
capital stock.

SEC. 10. And be if enacted, That any company that
may be formed under this act, may increase or dimin-
ish its capital stock, by complying with the provisions

of this act, to any amount that may be deemed suffi-
cient and proper for the purposes of the corporation, and
may also extend its business to any other mining busi-
ness, subject to the provisions and liabilities of this act ;
but before any corporation shall he entitled to diminish
the amount of its capital stock, if the amount of its
debts and liabilities shall exceed the amount of the ca-
pital to which it is proposed to be reduced, such amount

of debts and liabilities shall be satisfied and reduced so
as not to exceed such diminished amount of capital ;
and any existing company heretofore formed under the
general law or any special act, may come under and
avail itself of the privileges and provisions of this act,
by complying with the following provisions; and there-
upon such company, its officers and stockholders, shall
be subject to all the restrictions, duties and liabilities of
this act.

Meeting of
stockholders.

SEC. 17. And be it enacted, That whenever any
company shall desire to call a meeting of the stock-
holders for the purpose of availing itself of the privi-
leges and provisions of this act, or for increasing or
diminishing the amount of its capital stock, or for ex-
tending or changing its business, it shall be the duty

of the trustees, directors or managers, to publish a no-
tice, signed by at least a majority of them, in a news-
paper in the county or counties, or city, if any shall be
published therein, at least four successive weeks, and
to send or deposit a written or printed copy thereof in
the post office, addressed to each stockholder at his
usual place of residence, at least three weeks previous
to the day fixed upon for holding such meeting, speci-
fying the object of the meeting, the time and place
when such meeting shall be held, and the amount to
which it shall be proposed to increase or diminish the
capital, and the business to which the company would
be extended or changed, and the vote of at least two-
thirds of all the shares of stock shall be necessary to
an increase or diminution of the amount of its capital
stock, or the extension or change of its business as
aforesaid, or to enable a company to avail itself of the
provisions of this act.

Organization

of meeting,

&c.

SEC. 18. And be it enacted, That if at any time and
place specified in the notice provided for in the preced-
ing section of this act, stockholders shall appear in per-
son or by proxy, in number representing not less than
two-thirds of all the shares of stock of the corporation,