Section 7. Changing articles of association

Any change in the articles of
  association of a joint-stock association not inconsistent with  law  may
  be  made  with the consent of all its stockholders, or otherwise, as the
  articles of association may provide.  Unless the articles of association
  of a joint-stock association contain provisions  to  the  contrary,  its
  directors  may  be  increased  or  reduced  to  not less than three; its
  capital stock may be increased or reduced; or the term of its  existence
  may  be  extended,  with the consent of its stockholders owning at least
  two-thirds of its stock issued and outstanding, on the  following  terms
  and  conditions:    The  consent of the requisite number of stockholders
  must be given by vote, or by writing presented and filed, at  a  regular
  or  regularly  called special meeting.   Notice of the time and place of
  such meeting, with notice of the proposed  change,  must  be  personally
  served  on  each  stockholder  of  the  association at least thirty days
  before the meeting,  or  by  mailing  it  to  such  stockholder  at  his
  last-known  post-office  address at least sixty days before the meeting.
  The amount of its capital stock shall not be reduced below the amount of
  its paid-up capital stock, nor shall it be reduced if the liabilities of
  the association exceed its assets.