546
President
may call gen-
eral meeting.
Not to issue
currency.
May accept
additional
powers.
In case of
partial de-
struction by
fire.
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LAWS OF MARYLAND.
SEC. 17. And be it enacted, That the President and
Directors may call a general meeting of the stock-
holders for any purpose relative to the affairs of the
company, giving at least fifteen days' notice thereof
in two daily newspapers of the City of Baltimore,
and any number of stockholders, not less than
twenty, holding together not less than five hundred
shares of the company, may at any time apply to the
President and Directors to call a general meeting of
the stockholders for any purpose relative to the
affairs of the company, and if the President and
Directors refuse to call such meeting, the number of
stockholders, proprietors of the said number of shares,
shall have power to call, a general meeting of the
stockholders, giving at least fifteen days' notice in
said two newspapers published in the City of Balti-
more, specifying in such notice the object of such
meeting.
SEC. 18. And be it enacted, That nothing herein
contained shall be so construed as to confer banking
privileges in said company to issue any note, token
scrip, device or other evidence of debt to be issued.
as currency.
SEC. 19. And he it enacted. That a majority in
amount of the whole number of stockholders may,
in their discretion, accept and receive any additional
powers and privileges which may at any time be
conferred upon this company, cither by amendment
to tins Act or by any other Act hereafter to be
passed.
SEC. 20. And he if enacted, That in case of a partial
distraction by fire, the loss shall be determined by
assessors to be appointed as follows: the person
whose property is insured shall have the privilege of
selecting one disinterested person, the Board of Directors of this company shall select another; should
these two persons disagree in their valuation of a 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 their awards.
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