84

LAWS OF MARYLAND.

CHAPTER 79.

AN ACT to amend the charter of the Firemen's Insurance
Company of Baltimore, a body corporate, existing by virtue
of the Act of the General Assembly of Maryland of eighteen
hundred and twenty-five, Chapter fifty-five, and the Acts
supplementary thereto or amendatory thereof, by providing
for the reduction in the number of directors of said company
fixed by the Act of eighteen hundred and ninety-two, Chap-
ter one hundred and forty-three, Section five, Sub-section
thirteen; and also to ratify and approve the increase hereto-
fore made by the stockholders of the company in the num-
ber and par value of the shares of capital stock of said
corporation, in pursuance of Section four, Sub-section two,

Charter amen-
ded.
Fireman's In-
surance Co.
of Baltimore.

of said last-mentioned Act.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Act of eighteen hundred and ninety-two,
Chapter one hundred and forty-three, Section five, Sub-section
thirteen, amendatory of the charter of the Firemen's Insur-
ance Company of Baltimore, originally incorporated as The
President and Directors of the Firemen's Insurance Company
of Baltimore by the Act of eighteen hundred and twenty-
five, Chapter fifty-five, be and the same is hereby repealed
and re-enacted, so as to read as follows, viz:

Election of
directors.

13. The affairs of the company shall be managed by a
board of directors, who shall be elected annually at the office
of the company, on the fourth Monday of January, between
the hours of twelve noon and one P.M., and who, previous to
entering upon the duties of their office, shall take the follow-
ing oath or affirmation, viz: "I, A. B., do swear (or affirm,
as the case may be) that I will faithfully, diligently, impar-
tially and honestly fulfill the duties of my office of director
to the best of my knowledge and ability." The said board
shall be composed of fifteen shareholders, and in their elec-
tion each shareholder shall be entitled to one vote, either in
person or by proxy for each share of the capital stock held
by him. In the event of the death or resignation of any of
said directors, during the term for which they are so chosen,
the vacancy thus occurring shall not be filled at the succeed-
ing annual election, but the number of directors shall be
reduced in this manner, from time to time, until they shall
not exceed nine, which number shall thenceforth constitute a
board of directors to manage the affairs of the company for
one year, or until their successors have been elected and