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CHAP. 229
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provided, and the said prayer appearing reasonable,
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Therefore:
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Charter contiuued until 1840
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SECTION 1. Be it enacted by the General Assembly of
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Maryland, That the act, entitled, an act to incorporate
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a Fire Insurance Company, in the city of Baltimore,
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passed at November session, eighteen hundred and
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seven, and by supplement thereto, passed at December
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session, eighteen hundred and twenty, extended and
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continued until the twentieth of February, eighteen
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Made perpetual
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hundred and forty, and until the end of the next ses-
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sion of Assembly which shall happen thereafter, be
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Providing
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made perpetual; Provided nevertheless, that the Le-
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gislature of Maryland may amend or repeal any of the
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provisions thereof, after the expiration of the year
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eighteen hundred and fifty-six.
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Capital stock — Shares
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SEC. 3. And be it enacted, That the capital stock
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of said company, heretofore divided into ten thousand
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shares, at fifty dollars each, he subdivided into fifty
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thousand shares of ten dollars each share, twenty
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thousand shares of which are herein and hereby re-
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served and retained as the property of the present
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stockholders of the company.
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Future subscript tion to stock
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SEC. 3. And be it enacted, That of the remaining
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thirty thousand shares, each Fire Company in the city
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of Baltimore, shall be entitled to subscribe by itself for
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its own use, in its corporate capacity, or by means of
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trustees for the use of said company, or the members
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of the company may in their individual capacity for the
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use of themselves, or the company or companies to
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which they belong, subscribe for an amount of stock,
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not to exceed in the whole two thousand shares for each
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company.
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1000 shares a director
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SEC. 4; And be it enacted, That the subscription of
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one thousand shares by any fire company, in the city
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of Baltimore, by itself or its members shall entitle the
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said company to send one director to the general
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board of directors of said company.
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Thirty directors
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SEC. 5. And be it enacted, That the board of direc-
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tors of said company, may be hereafter increased to
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thirty; fifteen thereof to be elected by the present stock-
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holders, and their successors and assigns, and the
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other fifteen by the respective fire companies of the ci-
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