Ch. 242                              LAWS OF MARYLAND

(10) For any definition, limitation, of denial of the
preemptive rights of stockholders to acquire additional stock in
the corporation.

(b) Any of the preferences, conversion or other rights,
voting powers, restrictions, limitations as to dividends,
qualifications; or terms or conditions of redemption of any class
or series of stock may be made dependent upon facts ascertainable
outside the charter and may vary among holders thereof, provided
that the manner in which such facts or variations shall operate
upon the preferences, conversion or other rights, voting powers,
restrictions, limitations as to dividends, qualifications, or
terms or conditions of redemption of such class or series of
stock is clearly and expressly set forth in the charter.

(G) THE BOARD OF DIRECTORS OF A CORPORATION THAT IS
REGISTERED OR INTENDS TO REGISTER AS AN OPEN-END COMPANY UNDER
THE INVESTMENT COMPANY ACT OF 1940, AFTER THE REGISTRATION AS AN
OPEN-END COMPANY TAKES EFFECT, MAY INCREASE OR DECREASE THE
AGGREGATE NUMBER OF SHARES OF STOCK OR THE NUMBER OF SHARES OF
STOCK OF ANY CLASS THAT THE CORPORATION HAS AUTHORITY TO ISSUE,
UNLESS A. PROVISION HAS BEEN INCLUDED IN THE CHARTER OF THE
CORPORATION AFTER JULY 1, 1987 PROHIBITING AN ACTION BY THE BOARD
OF DIRECTORS TO INCREASE OR DECREASE THE AGGREGATE NUMBER OF
SHARES OF' STOCK OR THE NUMBER OF SHARES OF STOCK OF ANY CLASS
THAT THE CORPORATION HAS AUTHORITY TO ISSUE.

2-208.1.

(A)  IF THE BOARD OF DIRECTORS OF A CORPORATION REGISTERED
AS AN OPEN-END COMPANY UNDER THE INVESTMENT COMPANY ACT OF 1940
INCREASES OR DECREASES THE AGGREGATE NUMBER OF SHARES OF STOCK OR
THE NUMBER OF SHARES OF STOCK OF ANY CLASS THAT THE CORPORATION
HAS AUTHORITY TO ISSUE IN ACCORDANCE WITH § 2-105(B) OF THIS
SUBTITLE, THE BOARD, BEFORE ISSUING ANY OF THE NEWLY-AUTHORIZED
STOCK, SHALL FILE ARTICLES SUPPLEMENTARY FOR RECORD WITH THE
DEPARTMENT.

(B)  ARTICLES SUPPLEMENTARY SHALL INCLUDE:

(1) BOTH AS OF IMMEDIATELY BEFORE THE- INCREASE OR
DECREASE AND AS INCREASED OR DECREASED:

(I)  THE TOTAL NUMBER OF SHARES OF STOCK OF ALL
CLASSES THAT THE CORPORATION HAS AUTHORITY TO ISSUE;

(II)  THE NUMBER OF SHARES OF STOCK OF EACH
CLASS;

(III)  THE PAR VALUE OF THE SHARES OF STOCK OF
EACH CLASS OR A STATEMENT THAT THE SHARES ARE WITHOUT PAR VALUE;
AND

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