ALBERT C. RITCHIE, GOVERNOR. 961

"An Act to amend the Charter of the Grangers Mutual
Fire Insurance Company of Frederick County. "

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Sections 5, 7 and 11 of Chapter 149 of the
Acts of 1916, entitled "An Act to amend the Charter of
the Grangers Mutual Fire Insurance Company of Fred-
erick County, " be and they are hereby repealed and re-
enacted with amendments, to read as follows:

5. The annual meeting of the members of the Company
shall be held on the first Tuesday in September at
10 o'clock A. M.. and such members as may be in attend-
ance shall constitute a quorum. It shall be the duty of the
President or Secretary to give at least two weeks' notice
of the annual meeting of the Company by advertisement
in some newspaper published in Frederick County, and if
for any reason a members' meeting shall not be held at
the appointed time, it shall be held at such early subsequent
date as may be fixed by the Board of Directors after similar
notice.

7. The Company shall have authority and power to in-
sure against loss or damage by fire, lightning, wind
or hail, any and all property the Board of Directors
may consider insurable; to reinsure any or all of the
risks at any time insured or covered by it in any
other fire insurance company; to reinsure for any other
fire insurance company any and all risks covered by it, to
borrow money as its needs may require and to purchase,
hold and dispose of real estate as its needs may require.

11. Any member of the Company shall have full power
to withdraw therefrom at any time by surrendering his
policy to the Company and paying any arrearages of the
cash premium and the policy's proportion of losses and
expenses incurred, but not paid; upon such payment the
Company shall cancel such insurance as may be covered
thereby and such cancellation shall release said member
from all liability of any and all obligation, claims or de-
mands due or owing to said Company on account thereof,
and shall debar said member from any claim on the Com-
pany for any loss or damage by fire, lightning, wind or
hail, subsequent to the time of withdrawal or cancellation
of policy or policies, and the Company may at any time
cancel any policy issued by it upon the return of the un-
earned portion of the cash premium.