60 PRIVATE ACTS—CHARTERS.

SEC. 3. And be it enacted, That it shall be the duty of the Presi-
dent or Secretary of the Mutual Fire Insurance Company of Baltimore
county, annually to give notice, of at least two weeks, by advertisement
in some newspaper published in Baltimore, Carroll and Frederick coun-
ties and Baltimore city, of the election required to be held on the first
Monday of March in each and every year, for thirteen directors of said
company, who shall be members thereof; but in case such election
should, from any cause, not be held on the said day, the company shall
not, in consequence thereof, be dissolved, but such election may be held
at such subsequent times as may be selected by the Board of Directors,
or a majority of them; and at such elections each member shall have
one vote, and may vote either in person or by proxy, and no proxy shall
be deemed valid unless it shall have been executed and delivered within
the fiscal year immediately preceding, the election to be held.

SEC. 4. And be it enacted, That the fiscal year of this company shall
begin on the first day of March and terminate on the last of February
in each and every year, computing from the first day of March, eighteen
hundred and sixty-one; and the Secretary shall make a detailed state-
ment of the condition and affairs of this company, which shall be, by the
Board of Directors, submitted to the examination of a committee of such
number of persons, members of the company or otherwise, as they ap-
point for that purpose, and the report of said committee shall be annu-
ally published and distributed among the members of the said company,
in such form as the Board of Directors may prescribe.

SEC. 5. And be it enacted. That the said Board of Directors shall
have full power and authority to amend or revoke any policy of insur-
ance by them issued, whenever they deem it for the interest of said com-
pany so to do.

SEC. 6. And fee it enacted, That this act shall go into effect only,
after it shall have been accepted by a majority of the members of said
corporation, present at a meeting called for that specific object, due-
notice whereof shall be given.

PEABODY FIRE INSURANCE COMPANY OF BALTIMORE.

AN ACT to incorporate the Peabody Fire Insurance Company of Baltimore.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Galloway Cheston, Enoch Pratt, Henry D. Harvey, John H. B.
Latrobe, Thomas Whitridge, William Kennedy, Austin Dall, James
Carey, Charles A. Gambrill, and Peter Mowell, together with the sub-
scribers to the stock of the Association, shall be and they are hereby
declared to be a body politic and corporate, by the name and style of
the Peabody Fire Insurance Company of Baltimore, and by that name
shall have succession, and be capable in law to sue, and be sued, plead
and be impleaded, answer, and be answered, defend and be defended,
in all Courts of Law and Equity, or elsewhere; to make and use a