THOMAS SWANN, ESQUIRE, GOVERNOR,
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211
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CHAPTER 126.
AN ACT to amend an Act entitled, an Act to in-
corporate The Maryland Mutual Insurance Com-
pany of Baltimore, passed by the General Assem-
bly of Maryland, session eighteen hundred and
fifty-eight, chapter three hundred and eighty-
three, by changing the name and increasing the
powers of said Company.
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Passed Feb.
8, 1866.
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SECTION 1. Be it enacted by the General Assembly
of Maryland, That section one of an Act entitled,
an Act to incorporate the Maryland Mutual Insur-
ance of Baltimore., passed by the General Assem-
bly of Maryland, session eighteen hundred and
fifty-eight, chapter three hundred and eighty-
three, he and it is hereby so amended that the
name of the said corporation shall be the Maryland
Insurance and Security Company, instead of the
Maryland Mutual Insurance Company.
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Name chang-
ed.
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Sec. 2. And be it enacted, That section three of
an Act entitled, an Act to incorporate the Mary-
land Mutual Insurance Company of Baltimore,
passed by the General Assembly of Maryland,
session eighteen hundred and fifty-eight, chapter
three hundred and eighty-three, be and the same
is hereby so amended, that said Company shall
have liberty to increase its capital stock to any
sum not exceeding one million dollars, in the man-
ner provided in said Act, for increase of said, capi-
tal to any sum not exceeding five hundred thou-
sand dollars.
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Amended,
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Sec. 3. And be it enacted, That the said Com-
pany shall have power to guarantee the payment,
punctual performances and collection of promisso-
ry notes, bills of exchange, contracts, bonds, ac-
counts, claims, rents, annuities, mortgages, choses
in action, evidences of debt, and certificates of
property or value, and the titles to property, real
or personal, upon such terms as may be establish-
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Payment gua-
ranteed.
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ed by the board of directors of said Company; to
receive upon storage, deposit or otherwise, mer-
chandise, bullion, specie, plate, stocks, bonds,
promissory notes, certificates and evidences of debt,
contracts or other property, and to take the man-
agement, custody and charge of real or personal
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Storage
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