THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

view of obtaining the benefit of said insolvent laws; Provided also, the said Joseph S. Merrikin, Edward

CHAP. 65

A. Slicer and David S. Reynolds, be compelled to file

their petitions for the benefit of the said insolvent laws,

previous to their discharge from custody.

CHAPTER 65.

A« act to Incorporate the Merchants' Fire Insurance

Passed Feb, 11,1836

Company of Baltimore.

SECTION 1. Be it enacted bij the General Assembly of

Persons incorporated

Maryland, That the persons who shall as hereafter

mentioned become subscribers to the capital stock of

the corporation hereby created, and such other persons

as shall hereafter become stockholders in the said cor-

poration, he and they are hereby created and declared

to be a body politic and corporate, by the name, style

and title of the Merchants Fire Insurance Company of

Baltimore, and by the same name shall have succession;

Corporate powers

and shall be able to sue and be sued, implead and be

impleaded, answer and defend, and be answered and

defended, in all courts of law or equity in this State or

elsewhere, and to make and have a common seal, and

the same to break, alter and renew at their pleasure;

and also to do all acts which shall appear necessary

for conducting the concerns of the said corporation not

being contrary to this act, or the constitution and laws

of this State or of the United States.

SEC. 2. And be it enacted, That the capital stock of

Capital stock

said corporation shall be three hundred thousand dol-

lars, divided into six thousand shares of fifty dollars

each, five dollars on each share shall be paid at the

time of subscribing and five dollars on each share with-

in thirty days thereafter, and the remainder at such

times and in such instalments as the President and

Directors shall determine; the said instalments not to

Payments thereon

exceed ten dollars upon each share, nor to be made

payable upon shorter notice than sixty days, but the

full sum of fifty dollars shall be called and paid in on

each share of stock subscribed within two years from