| 1804.
CHAP. 41. |
LAWS OF MARYLAND.
against fire and upon lives, and lending money upon bottomry and
respondentia, and transacting business relating to insurances generally:
And whereas such associations have been found in all commercial
countries to be highly advantageous to the community in
general, and the mercantile interest in particular; therefore, |
| Persons incorporated. |
2. BE IT ENACTED, by the General Assembly
of Maryland, That
Robert Barry, Robert McCandless, Solomon Etting, Samuel Sterrett,
Henry Wilson, Hercules Courtenay, Miles Littlejohn, Bigelow
and Proud, Hugh McCurdy, Greetham and Devereaux, John
Martin, Hezekiah Clagett, Henry Messonnier, Lewis Pascault,
James and Thomas Wilson, Gooding, Hutchings and Company,
Henry Shrœder, George F. Warfield, Albert Seekamp, James West,
Thomas Cole, James Biays, John Merryman, Henry H. Carroll,
George Repold, George Salmon, Henry Craig, Henry Courtenay,
Henry Didier, Isaac Burneston, Wales and Clopper, Govert Haskins,
Andrew Buchanan, William and High Neilson, Charles Ghequiere
and H. Kunckel, Joseph Sterrett, David C. Stewart and Company,
Andrew Hazlehurst, Lemuel Warfield, Von Kapff and Brune,
Campbell and Ritchie, Alexander, Webster and Company, William
B. Magruder, John Barrow, Samuel and Elie Clagett, Joshua
Dorsey, William Van Wyck, Basil Elder, Jonathan Manro, Lemuel
Taylor, Thomas Tenant, C and J. H. Pennington, Alexander
Robinson, Luke Tiernan, William Taylor, Amos A. Williams,
Thorndick Chase, Josias Rutter, Andrew and Thomas Ellicott,
William Vance, Charles Burrall, John F. Kennedy, George Price
and Company, Gerard Topken, Moses Shephard, C. A. Warfield,
Benjamin Williams, John Diffenderffer, Samuel Chase, Payson
and Smith, Joseph Gallego, John Partridge, F. J. Mitchell, Lorman
and Fulford, John Trimble, John Weatherbourn, James McHenry,
James Cox, Tagart and Calwell, Stricker and Beatty, Philip
Rogers, John Southerland, Daniel Carroll, of Duddington, G.
W. Moore, J. E. Dorsey, Solomon Birkhead, William Fulford,
Ignatius Perry, William Prestman, Walter Dorsey, John Randall,
Abraham Worthington and Thomas Poultnay, and such other persons
as shall hereafter become stockholders in the said company,
shall be and are hereby created and declared to be a body politic
and corporate, by the name, style and title, of The Union Insurance
Company of Maryland, and by the same name shall have
perpetual succession, and shall be able to sue and be sued, implead
and be impleaded, in all courts of law or equity in this state or elsewhere,
and to make a common seal, and the same to break, alter
or renew, at their pleasure, and also to ordain and establish such
by-laws, ordinances and regulations, as shall appear necessary for
regulating the concerns of the said corporation, not being contrary
to this act, or to the constitution and laws of this state, or of the
United States. |
| Capital stock. |
3. AND BE IT ENACTED, That the capital stock
of said corporation
shall be sixty thousand dollars, (a) divided into six hundred
shares of one hundred dollars each, and that no corporation or body
politic shall be admitted members of the said corporation, nor shall
any person or co-partnership be a proprietor of more than ten (b)
shares in the same.
(a) By 1815, ch. 213, the capital
stock increased to 600,000 dollars, and shares
to 1000 dollars.
(b) By 1815, ch. 213, permission given to hold
any number of shares above ten. |
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