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Proceedings and Acts of the General Assembly, 1867
Volume 133, Page 4770   View pdf image (33K)
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558 LAWS OF MARYLAND 558 LAWS OF MARYLAND.

CHAPTER 288.

Passed Mar.
11,1867.

AN ACT to Incorporate the Harford Fire Insu-
rance Company of Baltimore.

Incorporated.

SECTION 1. Be it enacted by the General assem-
bly of Maryland, That Thomas Russell, Chaun-cery
Brooks, George R. Gaither, Eliahim G. Pen-
rose, Cyrus Blackburn, William Canby, John R.
Cox, Edwin L. Harker, Robert Y. Wilson, George
Ruckle and George D. Cock, together with the
subscribers to the stock of the company, and their
successors, shall be and are hereby declared to be
a body politic and corporate by the name and style
of the Harford Fire Insurance Company of Balti-
more, and by that name shall have succession and
be capable in law to sue and be sued, plead and
be impleaded, answer and be answered, defend and
be defended in all courts of law or equity or else-
where; to make and use one common seal and the
same to alter or renew at pleasure, and generally
to do and perform all things relative to the object
of this corporation, which now is or shall be law-
ful for any individual or body politic or corpora-
tion to do.

Capital stock.

Sec. 2. And be it enacted, That the capital
stock of this company shall consist of a sum not
exceeding five hundred thousand dollars, divided
into fifty thousand shares, of the value of ten dol-
lars each, five dollars on each share to be paid at
the time of subscribing, and the remaining five
dollars per share to be paid in as the President
and Directors may require, by giving ten days
public notice of the same; and should any stock-
holder fail to pay an instalment when required by
the President and Directors, he shall forfeit the
amount already paid, and be held liable for his
proportion of any loss which may have occurred
previous to such failure or in consequence thereof.

Books to be
opened.

Sec. 3. And be it enacted, That the Commission-
ers heretofore named, or any five of them, shall
open books of subscription to the capital stock of
the company hereby incorporated, and as soon as
five thousand shares shall have been subscribed,
and all instalments due thereon paid, they shall,



 
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Proceedings and Acts of the General Assembly, 1867
Volume 133, Page 4770   View pdf image (33K)
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