1893 - State Library Information Center

488 STATISTICS OF LABOR AND INDUSTRIES.1. JBe it enacted, That all new or series of shares heretoforeissued by any association formed or incorporated under and byvirtue of the act to which this is a supplement, and the severalsupplements thereto, be and the same are hereby coufirrned andmade valid both in law and in equity, notwithstanding the issueof said new series may have increased ti-e number of shareB ofsaid association beyond the limit fixed in its certificate of incorporation.2. That the board of. directors of all associations heretoforeincorporated or which may be hereafter incorporated under andby virtue, of the above-named act, and the several supplementsthereto, are hereby empowered to authorize the formation of anew or a series of shares upon the same terms and conditions theoriginal shares of stock were issued, whenever at least one hundredshares shall have been subscribed, and to issue certificatesof stock for the shares taken in said new series, notwithstandingthe issue of said new series may increase the number of sharesof said association beyond the limit fixed in its certificate ofincorporation,3. That whenever a new series has been or sha] 1 be fdTtnBtlunder this supplement, the relative value cf the shares of therespective series shall be kept separate and distinct, and the valuethereof reported in an annual statement to the shareholders.Supplement.*1. That it shall be lawful for any association incorporatedunder the provisions of the act to which this is a supplement, orotherwise lawfully existing in this state, to change the name getfoTth in its origiual certificate of incorporation, by a two-thirdsvote of the board of directors of such association; provided, thata certificate under the hands of the president and the secretaryof such association, setting forth such proposed new name, andthat the same was adopted by a two-thirds vote of the board ofdirectors of such association at a meeting regularly held on adate specified in said certificate, shall be delivered to the clerk of^Approved June 9th, 1800 (P. L., p. 420).