MARVIN MANDEL, Governor

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SECTION 10. AND BE IT FURTHER ENACTED, That Section
170(b) of Article 77 — Public Education, of the Annotated
Code of Maryland (1969 Replacement Volume and 1974
Supplement) be and it is hereby repealed and re—enacted,
with amendments, to read as follows:

Article 77 - Public Education

170.

(b) The articles of incorporation shall be executed
by boards of library trustees desiring to enter into
joint library projects with other boards within a given
multiple—county area. The corporation shall be
nonstock, nonprofit organized [pursuant to Article 2 3, §§
132 et seq.] UNDER TITLE 5, SUBTITLE 2 OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE of the [Annotated]
Code [of Maryland (1966 Replacement Volume as amended)]
for the purpose of administering joint library projects
within the jurisdictions of the member boards. The
member boards may be increased after incorporation by
including other county boards, with the consent of all
then existing member boards. The membership of the
corporation shall consist of all trustees of the member
boards who shall elect a corporate board of directors to
be composed exclusively of trustees of the member boards
in such proportions and numbers as prescribed by the
corporate bylaws. The member boards are hereby
expressly authorized to delegate the powers and duties
devolved upon them under this section, in respect to the
intracounty library activities, to the aforesaid
corporation to the extent necessary to fully empower it
to effectively carry out and administer the joint library
projects agreed upon by the member boards.

SECTION 11. AND BE IT FURTHER ENACTED, That Section
66(b) of Article 78 — Public Service Commission Law, of
the Annotated Code of Maryland (1969 Replacement Volume
and 1974 Supplement) be and it is hereby repealed and
re—enacted, with amendments, to read as follows:

Article 78 — Public Service Commission Law

66.

(b) The stated capital (as [defined] DETERMINED in
ACCORDANCE WITH [Article 23, the general corporation law]
TITLE 2, SUBTITLE 3 OF THE CORPORATIONS AND ASSOCIATIONS
ARTICLE OF THE CODE) of a public service company formed
by the merger or consolidation of two or more
corporations shall not exceed merely by virtue of such