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SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That John A. Nichols, Charles
Markell, William G. Bansemer, Harry F. Turner,
Jr., James F. Purvis, Jr., Dennis J. McKew,
Samuel Kimberly, Jr., Benjamin F. Parlett, M.
S. Hess, Charles W. Lord, George R. Berry and
Charles Weatherby, together with the subscribers
to the stock of the association, and their succes-
sors, shall be and they are hereby declared to be a
body politic and corporate, by the name and style
of the Resolute Fire Insurance Company of Balti-
more, and by that name shall have perpetual suc-
cession and be capable in law to sue and be sued,
to plead and be impleaded, answer and be an-
swered, defend and be defended in all Courts of Law
or Equity or elsewhere, to make and use a common
seal, and the same to alter and renew at their
pleasure, and generally to do and perform all
things relative to the object of this institution
which now is or shall be lawful for any individual
or body politic or corporate to do. |
Incorporated
—power and
privileges. |
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Sec. 2. And be it enacted, That the capi-
tal stock of this company shall consist of a sum
not exceeding two hundred thousand dollars, di-
vided into twenty thousand shares of ten dollars
each, transferable only on the books of said corpo-
ration, two dollars on each share to be paid at the
time of subscribing, one dollar on each share in
thirty days thereafter, and one dollar on each
share in sixty days thereafter, and one dollar on
each share in ninety days thereafter, the remain-
ing five dollars on each share to be called for as
the President and Directors, or a majority of them, |
Capital Block
limited. |
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may order; provided, that fifteen days notice be
given in one or more daily newspapers published
in the city of Baltimore, and that not more than
two dollars on each share shall be called for at any
one time; and should any stockholder refuse or
neglect to pay an instalment when required by
the President and Directors, or a majority of
26 |
Proviso. |
