172

LAWS OF MARYLAND.

CHAPTER 115.

AN ACT granting additional powers to the Poto-
mac Fire Insurance Company of Baltimore.

Preamble.

WHEREAS, by section four of original act incorp-
orating the Potomac Fire Insurance Company of
Baltimore, passed at January session of the General
Assembly of Maryland, eighteen hundred and sixty-
seven, chapter four hundred and twenty-four, the
president and directors of said body corporate was
empowered to invest the capital of the said company
in the, bonds or loans of the United States, the State
of Maryland, the City of Baltimore, in mortgages
upon real or leasehold estate and other securities,
and to dispose of the property or money of the com-
pany in such manner not contrary to law, as to them
shall appear most advantageous to the company, and

Preamble.

WHEREAS, in pursuance of the powers so accorded
to it and the right so vested in it, the said body cor-
porate has, among other things, made at sundry
times large purchases of real and leasehold estate,
and at various other times sold and conveyed the
whole or parts and parcels thereof, either absolutely
or by lease for ninety-nine years, reserving a yearly
rent thereon; and

Preamble.

WHEREAS, under the powers so granted to said
body corporate, doubts may arise as to the legal
right of said company to purchase, hold, bargain and
sell, convey, either by deed or lease, real or leasehold
property and estate lying in the City of Baltimore or
within the State of Maryland, prior to the act entitled
"An act to amend an act entitled 'an act to incorp-
orate the Potomac Fire Insurance Company of Balti-
more, " passed at January session eighteen hundred
and sixty-seven, chapter four hundred and twenty-
four, passed at January session eighteen hundred
and seventy-two, chapter two hundred and thirty-
five, and to quiet and set at rest any and all d6ubts
that may arise in the premises.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That any and all purchases of real or
leasehold estate, or property lying in the City of