to appoint such officers, clerks and agents as shall
be deemed by them necessary for conducting the
business affairs of this company, and to take bonds
from all or any of them, with surety conditioned,
for the faithful execution of their several duties,
and to establish and put in operation such regula-
tions and by-laws as may be necessary for the
management of this company.

Sec. 6. And be it enacted, That this company
shall have full power and authority to make and
effect insurance against loss or damage by fire by
perpetual policies or otherwise on any species of
property, buildings, houses, goods, furniture,
wares and merchandize, or vessels, shipping in
port or in building, to guarantee against loss on
marine, export or other ships of whatsoever kind
or nature, on such terms and rates of premium as
may be agreed upon by the President and Direct-
ors, and shall have the privilege and power to ef-
fect re-assurance on property to any amount that
the Directors in their wisdom may direct for the
better security of its stockholders and policy hold-
ers; and also, at any time that its President and
Directors may direct, to make insurance upon ves-
sels, freights, goods, wares, merchandise, specie,
bullion, jewels, profits, commissions, bank notes,
bills of exchange and other evidence of debt and
respondented interests, and to make all and every
insurance appertaining to or connected with
marine risks of transportation and navigation,
every contract, agreement, policy or other instru-
ment shall be signed by the President and Secre-
tary and sealed with the company's seal.

Authority to
make and effect
insurance.

Sec. 7. And be it enacted, That in case of a
partial destruction by fire of any property insured
by this company the loss shall be determined by
assessors appointed as follows : The person whose
property is insured shall select one disinterested
person within ten days thereafter, and after such
selection the Board of Directors shall select an-
other; should these two persons disagree in their
valuation of the loss they shall select another dis-
interested person, and the award of a majority
shall be final, and the Directors shall cause
the same to be paid within sixty days next after
such award

In case of
partial des-
truction by
fire.