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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2533   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR. 195

CHAPTER 12T.

AN ACT to Incorporate the Consolidated Beat
Estate and Fire Insurance Company of Balti-
more.

 

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Isaac Cox, John S. Hogg,
Samuel H. Adams, William T. Markland, J. J.
Purcell, Edward R. Lusby, Thomas S. Ridgaway,
Jr., George W. Herring, George Warfield, John
L. Lawton and John F. Adams, and whosoever
may be now or hereafter associated with them and
their successors, shall be and are hereby made a
body politic and corporate, by the name and style
of the Consolidated Real Estate and Fire Insur-
ance Company of Baltimore, and as such shall be
capable in law to purchase, improve, lease, hold
and dispose of property, both real and personal, to
borrow money and create loans, to make advances
upon buildings and lands, and for such other ob-
jects as may promote the interests of the said Cor-
poration ; and to insure real and personal property
and effects against loss or damage by fire, and the
said Corporation shall have power to make and use a
common seal, and the same to change, alter and re-
pew at pleasure, to sue and be sued, plead and be im-
pleaded, answer and be answered in any court of
law or equity, or elsewhere ; to make all deeds,
transfers, contracts, conveyances and grants what-
soever, and to exercise all, and singular, the pow-
ers incident to bodies politic and corporate.

Incorporation

Sec. 2. And be it enacted, That the shareholders
comprising this Company, in person or by proxy,
shall on the first Monday of November after the
passage of this Act, and in each and every year
thereafter, choose by ballot from among said share-
holders eleven Directors to manage the affairs ,of
the said Company for one year thereafter, or until
election shall take place and their successors are
duly qualified ; the said Directors shall qualify at
the next weekly meeting of the Company, and a
majority of them are empowered to transact the
business of the Corporation.

Directors.



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2533   View pdf image (33K)
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