418 LAWS OF MARYLAND.
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President and Directors refuse to call such meeting,
the number of stockholders, proprietors of the said
number of shares, shall have power to call a gen-
eral meeting of the stockholders, giving at least
fifteen days notice in said newspapers published in
the city of Baltimore, specifying in such notice
the object of the meeting. |
No banking
privileges. |
Sec. 18. And be it enacted, That nothing here-
in contained shall be so construed as to confer the
privilege of issuing any scrip or evidence or debt
to be used as currency. |
Additional
powers. |
sec. 19. And be it enacted, That a majority in
amount of the whole number of stockholders may,
in their discretion, accept and exercise any addition-
al powers and privileges which may at any time be
conferred upon this company, either by amend-
ments of this Act, or by any other Act hereafter
to be passed. |
Partial losses. |
Sec. 20. And be it enacted, That in case of a
partial destruction by fire, the loss shall be deter-
mined by assessors, to be appointed as follows:
The person whose property is insured shall have
the privilege of selecting one disinterested person,
and in ten. days thereafter the Board of Directors
of this company shall select another, and in case
of neglect or refusal of said President and Direc-
tors to appoint such assessors within thirty days
thereafter, then the person whose property has
been injured shall be authorized to appoint both
assessors; should those two persons disagree in
their valuation of a loss, they shall select another
disinterested person, and the award of the major-
ity shall be final, and the company shall pay the
same within ninety days after the date of their
award. |
Limitation. |
Sec. 21. And be it enacted, That this Act shall
continue and be in force until the year eighteen
hundred and ninety-seven, and until the end of
the next session of the General Assembly which
shall take place thereafter. |
Reservation. |
Sec. 22. And be it enacted, That the Gen-
eral Assembly reserves to itself the right to al-
ter amend, or repeal this Act at pleasure. |
In force. |
Sec. 23. And be it enacted, That this Act shall
take effect from the day of its passage. |
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