ODEN BOWIE, ESQUIRE, GOVERNOR. 839

lished in the city of Baltimore, of the election, which shall be held annually after the day of the organization of the said Company, on the day and month in each year corresponding with such day of organization, for six Directors of said Company, who shall be members thereof and citizens of the State, and otherwise eligible under this Act; but in case such election should, from any cause, not
be held on the designated day, the Company shall not in consequence thereof be dissolved, but such election may be held at such subsequent time as may be selected by the Board of Directors or a majority of them, and at such elections each mem- ber shall have one vote for every thousand dollars of the life policy or policies held by him from said Company, and may vote either in person or by proxy, as prescribed in the by-laws.	Hold over.
Sec. 6. And le it enacted, That it shall be the duty of [of] the Secretary to keep a book contain- ing a copy of this Act and of such constitution and by-laws of the said Company as may be estab- lished, and a copy of said constitution and by-laws shall be written or printed upon every application for insurance in said Company, and every person who may wish to become a member of the said Company shall be required to express in writing his or her assent thereto, which expression of as- sent and the payment of such fees, charges and premiums as may be prescribed by said constitu- tion and by-laws, and the granting of a policy of	Keep record.
life insurance during the natural life of the said person, for a sum of or over one thousand dollars, shall constitute him or her a member of said Com- pany so long as he or she shall comply with all the provisions of this act, and of the said constitu- tion and by-laws.	Amount of policy.
Sec. 7. And be it enacted, That the corporate powers of the said Company shall be vested in and exercised by [by] the said Board of Directors, and by such officers and agents as may be appointed in pursuance of this Act and the said constitution and by-laws, and no person shall be eligible as a Director of said Company unless he shall own and hold a policy or policies of the said Company for the whole term of life, paying a premium to the said Company of at least one hundred dollars	Eligibility of Directors,