ODEN BOWIE, ESQUIRE, GOVERNOR.

Said Spring Grove property, and to sell all and
every part of the property now held by them in
Baltimore City, or to lease the same, or any part
thereof, on ground rent, or to mortgage the same,
or any part thereof, and with the proceeds thereof
first to satisfy all debts and obligations which have
been incurred for the construction of said Asylum
at Spring Grove, and with the residue of said pro-
ceeds, or so much thereof as may be necessary to
complete the said Asylum.

353

Sec. 3. And be it enacted, That this Act shall
take effect from and after the date of its passage.

Approved April 4, 1870.

In force.

CHAPTER 209.

AN ACT to incorporate the Wesley Mutual Life
Insurance Company of Baltimore.

SECTION I. Be it enacted by the General Assembly

of Maryland, That Thomas E. Bond, Joseph Bruff,
T. I, Magruder, L. Passano, William E. Munsey,
Harvey L. Byrd, John K. McCulloh, Robert A.
Holland, William S. Whitely, and G. Morris
Bond, their associates, successors and assigns, shall
be and they are hereby incorporated a body politic,

Incorporation

under the name of the "Wesley Mutual Life Insur-
ance Company of Baltimore," and by that name
shall have perpetual succession, sue and be sued,
implead and be impleaded, make and use a com-
mon seal, and the same to break, alter or amend
at pleasure, when and as they may think proper,
and exercise and enjoy all the rights, privileges
and immunities of and appertaining to a body
politic and corporate.

Sec. 2. And be it enacted, That the business

Name.

of the said corporation shall be to make insurance
on the lives of individuals, and every insurance
appertaining thereto or connected with such risks,
and to grant, purchase or dispose of annuities.

Sec. 3. And be it enacted, That there shall be

Make Insu-
rance on lives.

a guarantee capital of at least one hundred thous-
and dollars, to be divided into shares of twenty-
23

Guarantee
capital.