2396

LAWS OF MARYLAND

[Ch. 449

(b) (1) In addition to any notice of the annual
meeting for which the bylaws provide, the board of
directors shall give notice of the Meeting once each week
for the three consecutive weeks immediately preceding the
meeting in at least one newspaper or, if there are more
than one, at least two newspapers published in the county
where the state bank is located.

[[(3)]] (2) THE BOARD OF DIRECTORS [[MAY]] IS
NOT [[BE]] REQUIRED TO GIVE NOTICE OF THE ANNUAL MEETING
BY NEWSPAPER PUBLICATION [[OF THE BANK'S ANNUAL MEETING
TO ELECT DIRECTORS OR OF THE ANNUAL MEETING OF
STOCKHOLDERS IF ALL OF THE STOCKHOLDERS]] IF EVERY
STOCKHOLDER ENTITLED TO VOTE AT THE [[MEETINGS HAVE]]
MEETING HAS EXECUTED A WRITTEN WAIVER OF THE NOTICE
[[PRIOR TO]] BEFORE THE PUBLICATION DATE OF NOTICE OF THE
[[MEETINGS]] MEETING REQUIRED IN THIS [[SECTION]]
SUBSECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 450

(House Bill 839)

AN ACT concerning

Creation of a State Debt — Montgomery
County Pre—Release Center

FOR the purpose of authorizing the creation of a State
debt in the aggregate amount of One Billion Two
Hundred and Fifty Thousand Dollars ($1,250,000), to
be known as the "Montgomery County Pre—Release
Center Loan of 1975", the proceeds thereof to be
used for the purpose of providing a State grant to
assist in the acquisition of land and/or facilities
for a Montgomery County Pre—Release Center [[,
subject to the requirement that Montgomery County
shall provide at least equal and matching funds]]:
and further to provide for construction, renovation,
improvement and equipping of said Montgomery County
Pre—Release Center, including the payment of
architects' and engineers' fees; and providing
generally for the issue and sale of bonds evidencing
said loan, subject to the requirements that the
County Council of Montgomery County, on or before a