602

LAWS OF MARYLAND.

CHAPTER 340.

AN ACT to amend an Act passed at session of the
General Assembly of Maryland held in the year
eighteen hundred and sixty-seven, Chapter one
hundred and thirty-one, entitled, An Act to in-
corporate the Resolute Fire Insurance Company
of Baltimore.

Repealed and
re-enacted.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That section six of said Act to incor-
porate the Resolute Fire Insurance Company of
Baltimore, passed by the General Assembly of
Maryland at the session of eighteen hundred and
sixty-seven, Chapter one hundred and thirty-one,
be and the same is hereby repealed, and a new
section enacted to read as follows, and to be num-
bered six.

Elect Direc-
tors.

And be it enacted, That the stockholders com-
prising this Company, or their representatives by
proxy, shall, on the second Monday in January,
in the year eighteen hundred and seventy-one, and
in each and every year thereafter, choose by ballot
from among the said stockholders, not less than
ten nor more than twenty Directors, to serve for
one year, or until their successors are chosen and
qualified, each stockholder to be entitled to one
vote for every share of stock standing in his, her

Voting.

or their name on the hooks of the Company, and
said Directors shall hold regular meetings at least
once in every three months, at the Company's
office.

Act amended.

Sec. 2. And be it enacted, That section nine of
said Act to incorporate the Resolute Fire Insur-
ance Company of Baltimore, passed at session of
eighteen hundred and sixty-seven by the General
Assemby of Maryland, Chapter one hundred and
thirty-one, be and the same is hereby amended by
adding the words "or quarterly," so as to read:
The Board of Directors may, immediately after
the first day of July, eighteen hundred and sixty-
seven, and shall semi-annually or quarterly there-
after, &c.

In force.

Sec. 3. And be it enacted, That this Act shall
take effect from the date of its passage.

Approved April 4, 1870.