THOMAS SWANN, ESQUIRE, GOVERNOR.

49

members, thirty Directors, eight of whom shall re-
side east of Jones' Falls, and eight west of Eutaw
Street, and in their choice, each stockholder shall
have one vote for each share of stock, not exceeding
five shares; and one vote for every five shares of stock
over five shares and not exceeding fifty shares, and
one vote for every ten shares of stock exceeding fifty
shares and not over one hundred and ten shares;
hut no person or body corporate shall have in any
instance more than thirty votes; the Directors so
chosen shall serve until the first Monday in Jan-
uary following, or until their successors be chosen,
and no longer, and at their first meeting after said
election, they shall choose by ballot a President
either from their own body or from the other share-
holders, and in the event of the death or disqualifi-
cation of the President, the Directors shall fill the
vacancy by ballot.

Sec. 7. And be it enacted, That section fourteen
of said original act providing for the filling of
vacancies in the Board of Directors, also section
seventeen of said act, providing a special fund for
disabled members of fire companies, and section
eighteen of said act, defining when a House insured
by the company shall be deemed demolished by
fire, be and the same are hereby repealed.

Section 14
repealed.

Sec. 8. And be it enacted, That section fifteen of
said net authorizing insurance, within the city of
Baltimore, and investments be and the same is
hereby repealed, and that the following be sub-
stituted in lieu thereof, to wit:

Section 15
repealed.

15. That said company is hereby authorized to
make all kinds of insurance, against fire in the
City of Baltimore or elsewhere, and to perform all

Authorized
to make in-
surance.

business relating to such object; and also to invest
its capital and funds in real or lease hold estate,
public funds of the United States, or in any other
stocks whatever and generally to use arid dispose
of the money and property of the company in such
manner (not being contrary to law, ) as to them
shall appear most advantageous for the company.

Investment
of funds.

Sec. 9. And be it enacted, That section nineteen
of said act relating to the partial destruction by
fire of property insured, be and the same is hereby
repealed, and that the following be substituted in
lieu thereof, to wit:

4

Section 19
repealed.