10 PRIVATE ACTS — CHARTERS.

ASSOCIATED FIREMANS INSURANCE COMPANY.

AN ACT to further amend the charter of the Associated Firemans Insurance Com-
pany of the city of Baltimore.

WHEREAS, The city of Baltimore having established a Paid Steam Fire
Department, and the Volunteer Fire Department being about to
disband, it becomes necessary to provide for the election of directors
on the part of the stockholders at large in the Associated Firemans
Insurance Company in the city of Baltimore, instead of as at present
by the stockholders in the respective fire companies composing the
Volunteer Fire Department; therefore,

SECTION 1. Be it enacted by the General Assembly of Maryland,
That so much of the ninth section, of the act passed December session
eighteen hundred and forty-six, chapter three hundred and fifty-two,
entitled, An act to incorporate the President and Directors of the Asso-
ciated Fire Insurance Company in the city of Baltimore, and to repeal
the act therein mentioned, as limits the holding of stock to members of
a fire company in the city of Baltimore, be and the same is hereby re-
pealed.

SEC. 2. And be it enacted, That so much of the tenth section of the
said original act, as requires the stock to be transferred to a member of
a fire company in the city of Baltimore, be and the same is hereby
repealed.

SEC. 3. And be it enacted, That so much of section eleventh of the
said original act, as entitles members of a fire company to a discount
of five per cent, upon premiums of insurance, be and the same is hereby
repealed.

SEC. 4. And be it enacted, That so much of the twelfth section of
said original act, as provides for the election of a director from the
Baltimore United Fire Department and the respective fire companies
in the city of Baltimore, be and the same is hereby repealed.

SEC. 5. And be it enacted, That so much of section fourteenth of the
original act, as provides the mode of electing a director in the Balti-
more United Fire Department and the respective fire companies in the
city of Baltimore, be and the same is hereby repealed, and that here-
after, on the second Monday in January, in each and every year, be-
tween the hours of twelve o'clock, M, and one o'clock, P. M, at the
office of the Company, the stockholders shall choose by ballot from
among their members, fifteen directors, and in their choice, each stock-
holder shall have one vote for each share of stock not exceeding five
shares; one vote for every five shares of stock over five and not exceed-
ing fifty shares; one vote for every ten shares of stock over fifty and not
exceeding one hundred and ten shares; and one vote for every twenty
shares of stock over one hundred and ten shares; but no person or body
corporate shall have in any instance more than thirty votes.