48

LAWS OF MARYLAND.

discount of five per cent, upon premiums of In-
surance less than other persons, be and the same
is also hereby repealed.

Section 11
repealed.

Sec. 4. And be it enacted, That section eleven
of said Act, providing for the election of officers
for said Company, be and is hereby repealed, and
instead thereof the following section be substitu-
ted, to-wit:

Affairs— how
managed.

That the affairs of said Company shall be man-
aged by a President and Board of thirty Directors
to be elected from stockholders, and who, previous
to entering upon the duties of their respective offi-
ces, shall take the following oath or affirmation:
I, A. B., do swear (or affirm, as the case may be, )
that I will faithfully, diligently, impartially, and
honestly fulfill the duties of my off of
to the best of my knowledge and ability.

Section 12
repealed.

Sec. 5. And be it enacted, That so much of the
twelfth section of said Act, as requires vacancies
in the Board of Directors, to be in the manner
therein prescribed, be and the same is hereby re-
pealed, and all vacancies in said Board, from
whatever cause arising, shall be filled by the re-
maining Directors.

Section 13
repealed.

Sec. 6. And be it enacted, That section thirteen
of said Act, relating to the election of Directors,
be and the same is hereby repealed, and that in-
stead thereof the following be substituted, to-wit:

Directors
named.

13. That the present Board of Directors, namely,
Austin Jenkins. Augustus J. Albert, C. D. Sling-
luff, Francis W. Elder, Edward Jenkins, Freder-
ick Achey, Thomas W. Levering, George R. Berry,
Joshua Dryden, John Cushing, George W. Flack,
Mendez I. Cohen, George S. Gibson, John A.
Needles, J. M. Anderson, F. W. Bennett, John
G. Reaney, James McConkey, James Fields, Gar-
rett Brown, Samuel Hart, Hugh Bolton, Joseph J.
Taylor, John M. Galt, Thomas Wilson, H. R.
Louderman, Caleb Parks, George Franck, William
H. L. Reitz, Isaac M. Denson and John A. Shriver,
are hereby constituted as such under this act, until

Annual elec-
tion of Direc-
tors.

the next annual election, and that annually hereafter
on the first Monday of January in each and every
year, between the hours of twelve, M., and two
o'clock, P. M., at the office of the company, the
stockholders shall choose by ballot from their