CHAP. 229
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any time hereafter, any of the aforesaid Fire Compa-
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aies of the City of Baltimore, shall by purchase or
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Subsequent pur-chase may enti-
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otherwise become the proprietors of one thousand shares
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tle
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such company shall thereupon become entitled to the
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privileges herein as before reserved to them.
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Instalments paya-ble
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SEC. 8. And be it enacted, That the sum of two dol-
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lars be paid on each share of said stock, at the time of
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subscribing, and the further sum of three dollars at
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the expiration of six months thereafter; and the Presi-
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dent and Directors of the company shall call upon the
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stockholders for the remaining subscription in further
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annual instalments of one dollar in each year thereaf-
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ter until the whole subscription to the capital stock as
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Failure to pay
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aforesaid, be paid in, and a failure to pay the same
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within the period limited, shall create a forfeiture to
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the company of the stock of any delinquent, unless
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under special circumstances remitted by the President
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and Directors of the company.
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Present stock to
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SEC. 9. And be it enacted, That the present stock,
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be valued
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assets, funds and estate of the company, shall be ap-
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praised in the manner hereinafter provided for, for the
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purpose of ascertaining the true value of each share of
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Credited
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said stock, and each stockholder shall be credited on
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the stock list of, the company, the actual true value of
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, hisj6tockso ascertained, and so far as the same is as-
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certained to be below the par value of said stock, to
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Balance called in
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wit, the sum of ten dollars, the balance thereof shall
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he called in at the time corresponding with the instal-
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ments upon the other thirty thousand shares, after
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there shall have been paid upon them the amonnt of the
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Dividends in pro-
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estimate hereby provided for; Provided nevertheless,
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portion
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that the dividends of said company hereafter declared,
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shall be paid to 'the several stockholders in the propor-
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tion of the capital respectively paid in by them.
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Appraisers — ap-
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SEC. 10. And be it enacted, That before the books
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pointment
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shall be opened for the subscription of said thirty
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thousand shares remaining, the President and Direc-
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tors of said company shall appoint three discreet and
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intelligent persons, residents of the city of Baltimore,
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and not stockholders in said company, who upon reason-
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Duty
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able compensation paid to them as appraisers, shall
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proceed to ascertain the true and actual value of the
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