lion, jewels, proffits, commissions, bank notes, bills
of exchange and other evidences of debt and re-
spondentid 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.

Cases of par-
tial destruc-
tion by fare.

Sec. 7. And be it enacted, That in case of a par-
tial destruction by fire of any property insured in
this Company the loss shall be determined by as-
sessors 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 anoth-
er; 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 after such
award.

Annual meet-
ing.

Sec. 8. And be it enacted, That the annual meet-
ings of this Company shall be held on the first
Tuesday in January in each year, or within thirty
days thereafter, and the President and Directors
shall cause a general statement to be prepared,
exhibiting the amount of business the previous
year, the amount of expenses, the amount of losses
paid and incurred, the balance remaining and the
cash in hand, together with the amount, nature
and condition of the sureties and other property
belonging to the Company.

Estimate of
profits.

Sec. 9. And be it enacted, That the President
and Directors of said Company shall, within one
month after the expiration of each fiscal year,
cause an estimate to be made as near as may be,
of the profits of said company during the prece-
ding fiscal year, in which estimate the losses and
expenses of the said company for the year shall be
deducted from the earnings of said company—
and the income derived from the investments of its
capital during the same year; the balance shall be
deemed the profits of the company for each year,
and this estimate shall be binding and conclusive
upon all persons as well as stockholders, as those
entitled to receive certificates of profits, as herein-