and alter at pleasure, and may purchase, hold, re-
ceive and convey all such property, real and per-
sonal, as may be deemed convenient and necssary
for its business, and may make by-laws, rules and
regulations for the management of its affairs) not
inconsistent with the Laws of the United States or
of this State.

Capital stock

Sec. 2. And be it enacted, That the capital stock
shall amount to five hundred thousand dollars,
and shall be divided into twenty thousand shares
of twenty-five dollars each, to be transferable only
on the books of the company either in person or
by power of attorney, and there shall be paid on
each share of stock at the time of subscribing five
dollars, and within thirty days after subscribing
the remaining twenty dollars on each share shall
be secured by note, bond, judgment or mortgage
satisfactory to said corporation, and shall be pay-
able in such calls or instalments as the company
from time to time may make, and each call or in-
stalment shall be paid within thirty days after
demand shall be made by notice in any newspaper
published in the city of Cumblerland, and such
calls shall be a lien on the stock, which may be
forfeited and sold for non-payments thereof within
said thirty days, and the security for the payment
of the said twenty dollars a share may be enforced
for the whole amount on the failure of the said
thirty days to pay any call or assessment, and all
individuals and bodies corporate are hereby au-
thorized to subscribe for said stock.

May insure..

Sec. 3. And be it enacted, That said corporate
body shall have full power and authority, by in-
strument, under seal or otherwise to make insur-
ance on dwelling houses, stores and all kinds of
buildings, and upon household furniture, merchan-
dize and all sorts of personal and real property,
against loss or damage by fire, and to make in-
surance on or receive in possession vessels, mer-
chandize, freight, bullion, commissions, profits,
bank notes, bills of exchange, bonds and all other
evidences of debt and all other personal property
on land or water, in shore or transit, against any
loss, damage or risk that may be specified in such
instrument, and to issue policies of insurance and
grant annuities and endowment in all the various