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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2387   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR

51

in said newspapers published in the city of Balti-
more, specifying in such notice the object of the
meeting.

 

Sec. 17. And be it enacted, That nothing herein
contained shall be so construed as to confer the
privilege of issuing any scrip or evidence of debt
to be used as currency.

No banking
powers,

Sec. 18. And be if, enacted, That a majority, in
the amount of the whole number of stockholders,
may, in their discretion, accept and exercise any
additional powers and privileges which may at
any time be conferred upon this Company, either
by amendments of this Act or by any other Act
hereinafter passed.

Additional
powers and'
privileges.

Sec. 19. And be it enacted, That in case of par-
tial destruction by fire, the loss shall be deter-
mined by assessors to be appointed as follows : the
person whose property is insured shall have the
privilege of selecting one disinterested person and
in ten days thereafter the Board of Directors of
this Company shall select another, and in case of
neglect or refusal of said President and Board of
Directors to appoint such assessor within thirty
days thereafter, then the person whose property
has been injured, shall be authorized to appoint
both assessors ; should these two persons disagree
in their valuation of the loss, they shall select
another disinterested person, and the award of a
majority shall be final, and the Company shall pay
the same within ninety days after the date of the
award.

Losses— how
paid.

Sec. 20. And be it enacted, That this Act shall
continue and be in force until the year eighteen
hundred and ninety-eight; and until the end of the
next session of the General Assembly which shall
take place thereafter.

Limit-

Sec. 21. And be it enacted, That the General
Assembly reserves to itself the right to alter
amend, or repeal this Act at pleasure.

Reservation.

Sec. 23. And be it enacted, That this Act shall
take effect from the day of its passage.

Approved February 26, 1868.

In force.

 

 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2387   View pdf image (33K)
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