nants and agreements as may be deemed neces-
sary; the President and Vice-President shall bo
chosen from among the directors, and may hold
their appointments for one year and until others
are chosen, but the other officers and servants of
said company may be displaced and new ones ap-
pointed at the pleasure of the directors, in the
absence or disability of the President, the Vice-
President shall preside, and if both are absent or
disabled, the directors may choose a President pro
tempore, and in case any vacancy shall occur in
the board of directors, tile remaining directors
may choose a director or directors from among the
stockholders to fill such vacancy, who shall hold
the appointment until others are chosen in their
places.

Sec. 8. And be it enacted, That all policies of
insurance or other contracts authorized by this
act, may be made with or without the seal of said
corporation, and shall be binding and obligatory
upon said corporation to the true intent and mean-
ing of such policies and contracts.

Policies to
be made with
or without
Still.

Sec. 9. And be it enacted, That the capital stock
moneys, and personal estate of said corporation
may be invested at the discretion of the directors,
either in United States, State, or Baltimore city
stocks, and the same may be called in and re-in-
vested at pleasure under the provisions of this
act; and it shall be the duty of said corporation
to make annually a report to the Comptroller of
the State, containing a full and accurate statement
of its condition and affairs.

Capital stock
—how invest-
ed.

Sec. 10. And be it enacted, That suits at law
may be maintained by any stockholder, or person
insured by said company, against said corporation
for losses or injuries insured against by said com-
pany, if payment shall be withheld more than
thirty days after the same shall be due and paya-
ble by the terms of the policy of insurance, or
other contract, and after the said corporation shall
have been duly notified of such loss or injury.

Suits at law
to be maintain-
ed against said
Corporation.

Sec. 11. And be it enacted, That this act may be
altered, amended or repealed at the pleasure of the
General Assembly.

Reservation.

See. 12. And be it enacted, That this Act shall
take effect from and after its passage.

In force.