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1983
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SENATE
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5
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internal affairs of companies incorporated under
Maryland law and to protect resident
shareholders from corporate takeovers undertaken
in a manner which is not consistent with the
best interests of the corporation or its
shareholders,-
WHEREAS, House Bill 1030 was vetoed on May 31, 1983 after
a public hearing before the Governor held on May
26, 1983, because the bill may have
unintentionally impeded or prevented certain
transactions which are advantageous to
corporations governed by Maryland law, including
mutual funds incorporated in Maryland; and
WHEREAS, The protections of the Maryland Corporate
Take-Over Law may not be available now to
Maryland corporations and shareholders and the
benefits of that desirable legislation should be
reinstated as soon as possible;
NOW, THEREFORE, I, HARRY HUGHES, GOVERNOR OF MARYLAND, PURSUANT
TO THE POWERS VESTED IN ME BY ARTICLE II,
SECTION 16 AND ARTICLE III, SECTION 14 OF THE
CONSTITUTION OF MARYLAND, DO HEREBY PROCLAIM AND
CONVENE A SPECIAL AND EXTRAORDINARY SESSION OF
THE GENERAL ASSEMBLY OF MARYLAND TO COMMENCE AT
10:00 A.M. ON TUESDAY, JUNE 21, 1983 IN THE
STATE CAPITOL IN THE CITY OF ANNAPOLIS FOR THE
PURPOSE OF ENACTING LEGISLATION TO GOVERN
CERTAIN INTERNAL AFFAIRS OF CERTAIN MARYLAND
CORPORATIONS AND TO PROTECT THE INTERESTS OF
MARYLAND SHAREHOLDERS DURING CERTAIN
TRANSACTIONS INVOLVING MARYLAND CORPORATIONS.
Given Under My Hand and the
Great Seal of the State of
Maryland, in the City of
Annapolis, this 15th day of
June, 1983.
Harry Hughes
Governor
ATTEST:
Lorraine M. Sheehan
Secretary of State
Read and ordered journalized.
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June 21, 1983
ELECTION OF PRESIDING OFFICER
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