first elections of Directors shall be held as herein
provided, the said B. R. Brydon, Anthony Kean
and Peter Devecmon, or a majority, shall have
full power and authority to exercise all corporate
powers of said company. |
|
Sec. 7. And be it enacted, That the said com-
pany shall have power to negotiate a loan on its
bonds secured by a mortgage of its property, but
nothing herein contained shall be construed to
authorize the said company or corporation to issue
any note, token or device to be used as currency. |
May borrow
money. |
Sec. 8. And be it enacted. That this Act shall
take effect from the date of its passage, and the
Legislature reserves the right to alter or repeal this
Act at pleasure. |
In force and
reservation. |
SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That Hiram Woods, Jr., Ham-
ilton Easter, A. Fenton, George P. Thomas, R. R.
Kirkland, John Cregle, James Boyce, O. Diffen-
derfer, G. H. Williams, and the subscribers to the
stock of the company be, and they are hereby de-
clared to be a body politic and corporate, by the
name and style of the Home Fire Insurance Com-
pany of Baltimore, and by that name shall have
perpetual 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 and equity or elsewhere, to make and use
a common seal, and the same to alter or renew at |
Incorporated. |