man, Wm. S. Reyner, H. A. Brink, T. Deetjin,
Louis Seldner, Charles Hilgenberg, Joseph Obern-
dorf, John Pittroff, M. Steigerwold, are hereby
created Directors in the said Fire Insurance Com-
pany of Baltimore until the first Monday in March,
eighteen hundred and sixty-eight, and until then
successors shall be elected as hereinafter provided
for, and such of them as shall be present at their
first meeting shall proceed to organize the Com-
pany by electing a President and Vice-President
thereof; the President so elected shall also ap-
point a Secretary, subject to the approval of the
Board of Directors.

Sec. 6. And be it enacted, That the stockhold-
ers comprising this company, or their representa-
tives by proxy, shall, on the first Monday in
March, eighteen hundred and sixty-eight, and on
the same day of each and every year thereafter,
choose by ballot from among the stockholders
twelve Directors to serve one year, each stockhold-
er to be entitled to one vote for every share of
stock which he, she or they may hold to the num-
ber of not exceeding five, one vote for every five
sharps of stock exceeding five shares to the num-
ber of fifty, one vote for every ten shares exceed-
ing fifty shares, but no person or body politic shall
have more than twenty votes; the Directors so
chosen shall serve until the first Monday in March
next succeeding their election, and until others
are chosen; at their first meeting after every an-
nual election they shall choose by ballot a Pres-
dent and a Vice-President, either from among
their own body or from among the other stock-
holders, and in case of the death, resignation, or
disqualification of the President or Vice-President
or a Director, the Directors shall proceed to elect
another to fill such vacancy for the remainder of
the year.

Election of
Officers.

Sec. 7. And be it enacted, That should it so
happen from any cause whatever that the annual
election of Directors should not take place in any
one year on the day herin before mentioned for
that purpose, this company shall not for that rea-
son be dissolved, but such election may lawfully
be held on such convenient day thereafter as may
be fixed by the President and Directors, they
56

In case an
election be not
held.