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