JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 55

entitled "an act to incorporate the German Fire In- surance Company of Baltimore, " be and the same are hereby repealed and re-enacted so as to read as follows:
SEC. 2. And be it enacted, That the capital stock of this company shall consist of a sum not exceeding five hundred thousand dollars, divided into fifty thousand shares of a par value of ten dollars per share.	Capital stock.
SEC. 3. And be it enacted, That said stock shall be issued in such manner and upon such terms as the directors of the company shall from time to time determine.	Manner and terms of issue.
SEC. 6. And be it enacted, That the stockholders, comprising this company or their representatives by proxy, shall on the first Monday of March of each and every year hereafter, choose by ballot from among the stockholders twelve directors to serve one year, each stockholder to be entitled, at such election and at all general meetings of the stock- holders for any purpose relative to the affairs of the company, to one vote for every share of stock which he, she or they may hold; the directors so chosen	Election of di- rectors.
shall serve until the first Monday in March next, succeeding their election, and until others are chosen; at their first meeting, after every annual election, they shall choose by ballot a president and vice-presi- dent, either from among their own body or from among the other stockholders; and in case of death, resignation or disqualification of the president or vice-president, or a director, the directors shall pro- ceed to elect another to fill such vacancy for the re- mainder of the year.	Duration of service.
SEC. 3. And be it enacted, That the General Assem- bly reserves to itself the right to alter or repeal the charter hereby amended.	Reserved.
SEC. 4. And be it enacted, That this act shall take effect as soon as a majority in amount of the whole number of stockholders of the company shall accept the same, as provided by section nineteen of the original act, to which this is an amendment. ' Approved March 9, 1876.	In force.