which such payments were made; provided, how-
ever, that an annuitant may be made a sharer in
the profits of the company upon such terms as the
company may hereafter determine.

Proviso.

Sec. 8. And be it enacted. That no Director or
member shall be liable for any debts, contracts, or
engagements of said company, but the moneys,
property, rights and credits of the company shall
alone be liable for the same.

Not liable for
debts.?.

Sec. 9. And be it enacted, That the Board of
Directors for the time being shall have power to
appoint such officers and servants under them as
may be necessary for transacting the business of
the company, and to allow them such compensa-
tion for their services respectively as shall be rea-
sonable, and in their discretion to dismiss them or
either of them, and the said Board shall possess
and exercise such powers as may be delegated to
them by the by-laws or resolutions of the company
and which are not inconsistent with this Act; and
the said Board, or a major part of a quorum of
them, shall and may, and they are hereby empow-
ered to invest a portion of the funds of the com-
pany in bonds or mortgages on unincumbered fee
simple or leasehold estate and ground rents, and in
or on public stocks of the United States or of any
of the States, or of any other investment of funds
than those enumerated, shall at any time bemade
with the consent of a majority of the whole Board.

Board of Di-
rectors shall
have power.

Sec. 10. And be it enacted. That suits at law or
in equity may be prosecuted and maintained by
any member against said corporation, and no
member of the corporation not being in his indi-
vidual capacity a party to such suit, or to any
other by or against the corporation, shall bein-
competent as a witness on account of his being a
member thereof.

Suits at law.

Sec. 11. And be it enacted, That this Act of in-
corporation shall inure for twenty years from the
time of its passage, or until the end of the session
of the General Assembly thereafter.

In force.

Sec. 12. And be it enacted, That nothing in this
Act shall be construed as to authorize the said cor-
poration to issue any note, token, scrip, device or
other evidence of debt to be used as currency,

Banking pri-
vileges prohib-
ited.