| 1815.
CHAP. 212. |
LAWS OF MARYLAND.
Michael Hoffman, John P. Spiese, John Mackay, jr. Samuel
Young, Erasmus Uhler, Jacob Croft, Robert Elliott and George
Uhler, or a majority of them, be and they are hereby authorised
to propose a scheme of a lottery, and to sell and dispose of the
tickets therein, for raising a sum of money not exceeding ten
thousand dollars, to be appropriated to purchase a lot of ground in
the city or precincts of Baltimore, and to erect a building thereon
to be used as an engine house. |
Managers to give
bond. |
2. AND BE IT ENACTED, That before the said
John H. Rogers,
Charles Brown, William M. Smith, Jacob Wall, Michael Hoffman,
John P. Spiese, John Mackay jr. Samuel Young, Erasmus Uhler,
Jacob Croft, Robert Elliott and George Uhler, proceed to make
sale of any ticket or tickets in the said lottery, they shall give
and execute a bond to the state of Maryland, in the penalty of
twenty thousand dollars, conditioned that they will well and truly
conduct the drawing of said lottery, and apply the money arising
therefrom, within six months after the drawing thereof, to the
payment of the prizes drawn therein, to the necessary expenses
incurred in the management thereof, and the residue to the purchasing
of a lot of ground in the city of precincts of Baltimore,
and to the erecting a building thereon to be used as an engine
house. |
| Bond to be recorded. |
3. AND BE IT ENACTED, That the said bond shall
be lodged with
the clerk of Baltimore county court, to be by him recorded among
the records of said county, and upon such bond, or any office copy
thereof, suit or suits may be instituted for any breach or noncompliance
with the condition thereof. |
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|
Passed Jan. 29, 1816. |
CHAP. CCXIII.
A Supplement to the act*, entitled, An act to incorporate the Union
Insurance
Company of Maryland. Lib. TH. No. 5, fol. 103. |
Capital increased
—stockholders to
give promissory
notes. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
the capital of the Union Insurance Company of Maryland,
be increased to six hundred thousand dollars, and each share
of the stock to be one thousand dollars; and that each and every
stockholder be required to give to the president and directors,
for the time being, on or before the first day of April next,
promissory notes, with two approved endorsers, payable on demand,
for nine hundred dollars a share for each and every share standing
in the name of such stockholder on the books of said company,
which promissory note, together with the one hundred dollars a
share, originally subscribed and paid, shall constitute the capital
stock of the said company; and said notes shall be renewed annually,
in the month of April, with the same or other endorsers, as
shall be directed and approved by the board of directors; and any
stockholder who shall refuse to give such notes shall forfeit all his
interest in the said corporation, and his share or shares shall be
disposed of by the president and directors, and the proceed thereof
be paid to such delinquent, or his legal representatives, on demand;
but in case of the death of any stockholder, his heirs, executors
or administrators, shall be allowed the term or period of
twelve months for giving the promissory notes aforesaid, or for
the sale of the share or shares of such deceased person, before any
forfeiture shall incur, or sale take place by the board of directors as
aforesaid. |
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