346

LAWS OF MARYLAND.

SECTION I. Be it enacted by the General Assembly of Mary-

To amend the
charter of the

land, That the German- American Fire Insurance Company of

German-

Baltimore City, a corporation created under the General Laws

American
Fire Insur-

of this Stale, and the certificate of incorporation which is re-

ance Com-
pany of Balti

corded among the Charter Records of Baltimore City in Liber

more City.

F. A. P., No. 21, folio 90, etc., may from time to time, as the

directors of the corporation may determine and upon such

terms as they shall prescribe, increase its capital to one mil-

lion dollars, divided into the requisite number of shares not

exceeding forty thousand of the par value of twenty-five dol-

lars per share ; and in addition to the power of insuring prop-

erty within or without this State against loss or injury by fire,

that the said German-American Fire Insurance Company of

Baltimore City shall have the power of insuring property

against loss or damage from tornadoes, windstorms and cy-

clones ; and that said German-American Fire Insurance Com-

Power to in-

pany of Baltimore City shall have power to acquire by pur-

sure proper-

chase, exchange, lease, mortgage, pledge or in any manner

ty against loss
from torna-

whatsoever any lands, chattels or the shares of stock of any

does, storms,
etc.

corporation, including corporations having all or some of the

same or similar powers as those possessed by the said German-

American Fire Insurance Company of Baltimore City, or any

bonds, certificates of indebtedness, notes or any kind of securi-

ties of any real, personal or mixed property of any kind or

character, or any interest or estate therein ; and that said Ger-

man-American Fire Insurance Company of Baltimore City

shall have power to hold, enjoy, sell, exchange, lease, or in

any other manner dispose of any property it may be authorized

to acquire ; and to invest its capital by way of loan in any form

or in any property which it may be authorized to acquire, and

to execute all deeds, assignments, transfers or other instru-

ments necessary to enable it to fully exercise all the powers

of acquisition or disposition hereby conferred ; and the said

German-American Fire Insurance Company of Baltimore City

Extending its

shall also have all the rights, powers and privileges conferred

rights, pow-

upon corporations incorporated under Article 23 of the Code

ers, etc.

of Public General Laws of Maryland and under any amend-

ments and supplements thereto.

SEC. 2. And be if enacted, That the said German-American

Corporation to
be perpetual.

Fire Insurance Company of Baltimore City shall by that name

have perpetual succession, and that the existence of said cor-

poration shall be perpetual.

SEC. 3. And be it enacted, That this Act shall take effect

from the elite of its passage.

Approved April r, 1904.