Sec. 3. And be it enacted, That the business of
said corporation shall be the insuring of persons
against the accidental loss of life, or personal in-
jury sustained while traveling by Railways, steam-
ers or other modes of conveyance, in the United
States and other countries; and contracts of in-
surance may be made on such terms and conditions
and for such periods of time and confined to such
persons as shall be from time to time ordered and
provided for by the by-laws of said corporation.

May insure
against injury
and loss of life.

Sec. 4. And be it enacted, That the office of said
Company shall be located in the city of Baltimore,
and the stock property and affairs of said corpora-
tion shall be managed and conducted by not less
than seven, nor more than thirteen Directors (the
number of said Directors to be determined by the
by-laws of said Company) to be chosen by ballot
from among and by the stockholders; which Di-
rectors first chosen shall hold their offices until
the first Tuesday of May next ensuing their elec-
tion, and until others are chosen to supply their

Office to be
located in the
city of Balti-
more.

places; and the annual meeting for the choice of
Directors shall, (after the first election) be holden
at the city of Baltimore on the first Tuesday of
May, or such other day in the month of May as
shall be determined by the by-laws of said cor-
poration, in the election of Directors as aforesaid,
each stockholder present or represented by his at-
torney, shall be allowed one vote for each and eve-
ry share of stock by him or them held, and none
but stockholders shall be eligible to the office of
Director, and the stockholders may determine
what number of Directors may constitute a quorum
for business.

Meetings,—
where holden.

Sec. 5. And be if enacted, That if it shall so
happen that an election of Directors of said cor-
poration shall not take place at the time of the an-
nual meeting thereof in any year, said corporation
shall not be dissolved thereby, but an election may
be held at any time within one year thereafter ;
the time to be fixed upon, and notice thereof given
by the Directors last chosen, and public notice by
order of the Directors shall always be given at
least ten days previous to any meeting of the stock-
holders in at least three Daily newspapers printed
in Baltimore, and in such other way as may be

Notice of
election to be
published.