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Session Laws, 1939
Volume 581, Page 64   View pdf image (33K)
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64 LAWS OF MARYLAND. [CH. 38

CHAPTER 38.
(Senate Bill 112)

AN ACT to repeal and re-enact, with amendments, Sec-
tions 1 and 16 of Chapter 118 of the Acts of 1845,
entitled "An Act to Incorporate the Mutual Fire Insur-
ance Company in Kent County, " Section 16 having been
amended by Chapter 61 of the Acts of 1888, authorizing
said Company to insure property against loss or damage
by windstorm, hurricane and other enumerated risks,
and making the Charter of said Company perpetual.

SECTION 1. Be it enacted by the General Assembly of
Maryland,
That Sections 1 and 16 of Chapter 118 of the
Acts of 1845, entitled "An Act to Incorporate the Mutual
Fire Insurance Company in Kent County, " Section 16 hav-
ing been amended by Chapter 61 of the Acts of 1888, be
and they are hereby repealed and re-enacted, with amend-
ments, to read as follows:

1. William F. Smyth, James T. Dunbar, Caleb Griffith,
John M. Comegys, George B. Westcott, Peregrine Wroth,
Thomas C. Kennard, Hugh Wallis, Jacob Fisher, William
B. Wilmer, Edward Wilkins and Samuel E. Baker, and
their successors and all other persons who may hereafter
become members of the corporation to be created by this
act, are hereby created and declared to be a body politic
and corporate, by the name, style and title of the Mutual
Fire Insurance Company of Kent County, and by the same
name shall have succession, and shall be able to sue and
be sued, to implead and be impleaded, answer and defend,
and be answered and defended, in all courts of law or
equity in this State or elsewhere; to have, make and use
a common seal, and the same to break, alter and renew at
their pleasure, and shall have full power and authority
to make insurance on any kind of property against loss
and damage by fire, windstorm, hurricane, cyclone, tornado
and hail, explosion, theft, riot, riot attending a strike,
aircraft, water, smoke and any damage caused by vehi-
cles, and automobiles against loss or damage by fire and
theft, collision and property damage; to provide for the
keeping and investment of any funds or assets that may
become the property of the company, and generally to
transact, execute and perform all such business as may
appertain to a Fire Insurance Company, not being con-
trary to this act or the constitution and laws of this State
or the United States; provided, however, that nothing in
this act shall be construed to grant any banking privileges


 

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Session Laws, 1939
Volume 581, Page 64   View pdf image (33K)
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