In case of 1081
-how adjusted

Sec. 7. And be it enacted, That should any loss
or damage by fire occur, it shall be adjusted by
assessors, appointed as follows : The person whose
property shall have been damaged shall have the
power to appoint one disinterested person, and the
President and Directors of this company shall
appoint another disinterested person, who shall
proceed to estimate the damages, and in the event
of these two disagreeing, they shall have the
power to appoint another disinterested person, and
the award of any two of them shall be final, and
the company shall pay said award within sixty
days after said award shall have been made.

Power to ap-
point officers,

Sec. 8. And be it enacted. That the President
and Directors shall have power and are hereby
authorized to appoint a Vice-President, Treasurer,
and such other officers as may be required for the
proper transaction of the business of the com-
pany, to require bonds for the proper fulfillment
of their duties, to make by-laws for its govern-
ment, and to do all things necessary and proper
for its management, and which are not inconsist-
ent with the laws of this State or of the United
States.

Shall declare
dividends.

Sec. 9. And be it enacted, That the President
and Directors shall declare dividends of the pro-
fits of the corporation semi-annually, or so much
thereof as to them shall appear advisable, and in
case of any losses whereby the capital stock of
the corporation shall be diminished, no subsequent
dividend shall be made until a sum equal to such
diminution arising from the profit of the corpora-
tion or the contribution of the stockholders shall
have been added to the capital.

Requires to
keep entries.

Sec. 10. And be it enacted. That the President
and Directors shall keep full, fair and correct
entries of their transactions, which shall at all
times be open to the inspection of the stockhold-
ers; they shall annually prepare a full and true
statement of the funds, property and securities of
the association, shewing the amount in real estate,
in bonds and mortgages, in notes, stock and other
securities, the amount of debts due to and from
the association, which statement shall be certified
to by the President and Secretary, and reported at
the annual meeting of the stockholders.