388 LAWS OF MARYLAND.
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board make semi-annual dividends of money ac-
cruing on the capital stock sold on the first day
of October and April of each year. |
Prohibition. |
Sec. 3. And be it enacted, That nothing herein
contained shall authorize the issuing of any note,
scrip or evidence of debt, to be used as currency. |
In force. |
Sec. 4. And be it enacted, That this Act shall
go into force and be deemed a law from the date
of ifs passage. |
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CHAPTER 206. |
Passed Mar.
7, 1867. |
AN ACT to incorporate the Live Stock and Fire
Insurance Company of Maryland. |
Incorporated. |
SECTION 1. Be it enacted by the General Assembly
of Maryland, That Maurice A. Healey, Edward
Whiteford, Benjamin F. Clare, Thomas Perry,
Henry Clay Shipley and William Devecmon. and
such other persons as may hereafter become asso-
ciated with them in the manner hereinafter provi-
ded, shall and they are hereby created and declared
a body politic and corporate in deed and in law,
and shall be known by the name and style of The
Live Stock and Fire Insurance Company of Ma-
ryland, and by that name shall be able to sue and
be sued, defend and be defended in all Courts of
record or elsewhere; and to have and hold property
real and personal, to have a common seal, the
same to alter and renew at pleasure; and also to
ordain, establish and put in execution such by-
laws, ordinances and regulations as shall appear
necessary and convenient for the government of
said Corporation, not contrary to the laws of the
State, and generally to do all and singular the
matter which to them it shall lawfully appertain
to do for the good management of said Corpora-
tion. |
Capital stock. |
Sec. 2. And be it enacted, That the capital stock
of said Company shall not exceed five hundred |
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