264

LAWS OF MARYLAND.

Make insur-

authority to make insurance of property against loss

ance.

or damage by fire; to provide for the keeping and

investment of any funds or assets that may become

the property of the company, and generally to trans-

act and perform all such business as may appertain

to Mutual Fire Insurance Companies not contrary

to this act or the constitution and laws of this State

or the United States.

SEC. 2. And be it enacted, That the affairs of this

corporation shall be conducted by and under the

Board of di-

control of a board consisting of fifteen directors, to

rectors.

be elected at the annual meetings of the members as

hereinafter directed, and to continue in office for one

year or until their successors are chosen; the said

directors shall have power to perform such duties as

are hereinafter specified and provided, or as may be

directed by the by-laws which the said corporation

may order for its future government not inconsistent

herewith; and the said directors shall elect a presi-

dent and vice president from their own body, and

shall likewise appoint a secretary and treasurer of the

corporation, in the same or different persons, and

Give bond with

whether a director or not, who shall give bond with

security.

security, to be prescribed and approved by the di-

rectors, and also appraisers, surveyors and such other

agents as may be necessary for the proper manage-

ment of the affairs and business of said company.

SEC. 3. And be it enacted, That on the first Tues-

day in August next, and on the first Tuesday in

When to con-

said month in every year thereafter, the members of

vene.

the said company shall convene at their office, in the

town of Denton, for the purpose of electing the

aforesaid directors and the transaction of any other

business that may be found necessary, of which

meeting notice shall be given by the directors for at

least twenty days previous in one or more newspa-

papers published in said county; and until such first

election shall be held, Alexander Hardcastle, An-

drew B. Roe, George A. More, Richard C. Canter,

Gorter Stevens, Philip W. Downes, William H.

Directors.

Dewese, William G. Horsey, John R. Fountain,

Henry S. Fisher, Robert J. Jump, Alfred J. Wilson,

Charles II. Todd, Robert M. Messick and Edward

R. Goslen shall be the directors of said corporation,

with the power to perform all the duties of the direc-

tors contemplated by this act; elections for directors