332
LAWS OF MARYLAND.
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been completed, the said company are hereby authorised
to erect one gate for toll, and to charge the rates as
provided by the seventh section of this act, and that all
the privileges heretofore conferred upon commissioners
to raise money for the construction of this turnpike
road, are hereby granted to the stockholders of this
company.
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Banking forbid.
Reservation.
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SEC. 9. And be it enacted,
That nothing in this
act shall be so construed as to authorise said corporation
to issue any note, token or scrip, device or other evidence
of debt, to be used as a currency; and that the
Legislature reserves to itself the right to alter or amend
this act of incorporation at pleasure.
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Passed May
24, 1853.
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CHAPTER 250.
AN ACT to incorporate the Mutual Insurance company
of Somerset county.
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Incorporated.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That George Handy, Samuel W. Jones,
John Dougherty, William W. Johnston, Samuel S.
Coston, James Phœbus, Purnell Toadvine, John
Woolford, William T. G. Polk, Joshua H. Miles,
James U. Dennis, John W. Crisfield, Humphrey
Humphreys, James Brittingham, John S. Crockett,
John H. King and Mathias Roberts, and all other persons
who may hereafter associate with them in the
manner herein prescribed, be and they are hereby incorporated
by the name of the Mutual Insurance company
of Somerset county, for the purpose of insuring
their respective dwelling houses, manufactories, mills,
stores, shops and other buildings, merchandise, household
furniture and other property, against loss or damage
by fire, and by such name shall have succession to sue
and be sued, plead and be impleaded in any court of
law or equity in this State, to have, make and use a
common seal, and the same to break, alter and renew
at pleasure.
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First directors.
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SEC. 2. And be it enacted,
That the first named
twelve persons shall be the directors of said company
until the first Monday of May, eighteen hundred and
fifty-four, at which time, and annually thereafter,
twelve directors shall be elected to manage the affairs
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