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LEGG MASON, INC.
ARTICLES OF AMENDMENT
THIS IS TO CERTIFY THAT:
FIRST: The charter of Legg Mason, Inc., a
Maryland corporation (the "Corporation"), is hereby amended by
adding a new Article to the Articles of Incorporation to
read as follows:
TENTH: To the maximum extent that Maryland law
in effect from time to time permits limitation of the liability of
directors and officers, no director or officer of the Corporation
shall be liable to the Corporation or its stockholders for money
damages. Neither the amendment nor repeal of this Article, nor
the adoption or amendment of any other provision of the charter or
bylaws inconsistent with this Article, shall apply to or affect in
any respect the applicability of the preceding sentence with respect
to any act or failure to act which occurred prior to such amendment,
repeal or adoption.
SECOND: The amendment to the Articles of Incorporation
of the Corporation as hereinabove set forth has been duly advised by
the Board of Directors and approved by the Stockholders of the
Corporation as required by law.
THIRD: The undersigned President acknowledges these
Articles of Amendment to be the corporate act of said Corporation and
as to all matters or facts required to be verified under oath, the
undersigned President acknowledges that, to the best of his
knowledge, information and belief, these matters and facts are true
in all material respects and that this statement is made under the
penalties for perjury.
IN WITNESS WHEREOF, the Corporation has caused these
presents to be signed in its name and on its behalf by its President
and attested to by its Secretary on this 28th day of July, 1988.
ATTEST: LEGG MASON, INC.
/s/ Charles A. Bacigalupo By: /s/ Raymond A. Mason
Charles A. Bacigalupo, Raymond A. Mason,
Secretary President
