|
May postpone
election.
|
pen from any cause whatsoever, that the annua
election of Directors should not take place in an;
one year on the day hereinbefore mentioaed for
that purpose, this Company shall not for tha
reason be dissolved, but such election may law
fully be held on such convenient day thereafter, as
may for that purpose be fixed by the President am
Directors, they causing ten days notice thereof to
be given in two or more of the daily newspapers
published in the city of Baltimore.
|
|
Make insu-
rance.
|
Sec. 6. And be it enacted, That the President
and Directors of said Company shall be and hereby
are authorized and empowered to make insurance
or reinsurance on dwellings, houses, stores, build-
ings, furniture, merchandise and other property
against loss or damage by fire, and the risk oi
inland navigation and transportation, and to make
insurance upon vessels, freights, goods, wares,
merchandise, specie, bullion, jewels, profits, com-
missions, bank notes, bills of exchange, and other
evidences of debt, bottomry and respondentia in-
terests, and to make all and every insurance apper-
taining to or connected with marine risk and risks
of transportation and navigation, the insuring of
persons against the accidental loss of life, or per-
sonal injury sustained while traveling by railways,
steamers or other modes of conveyance in the Uni-
ted States and other countries, to enter into con-
tracts and to take security relative to the objects
aforesaid, to invest the capital and funds of the
Company in bonds and loans of the United States,
the State of Maryland, and other securities, to
dispose of the property or money of the Company
in such manner, not contrary to law, as to them
|
|
Invest funds.
|
shall appear most advantageous to the Company;
ami the said President and Directors shall have
power to purchase, build or hire a suitable lot and
building or buildings within the limits of the city
of Baltimore, for the purpose of transacting the
business of the Company, and shall have the
power to create branch offices in other portions of
the State.
|
