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LAWS OF MARYLAND.

Chapter 319.

AN ACT supplementary to an act to incorporate the

National Fire Insurance Company of Baltimore,

passed at December session, eighteen hundred and

forty-nine, chapter one hundred and ninety-four, to

reduce the pat value of the shares of stock in said

company, and to repeal and re-enact section fourteen

of said act.

SECTION 1. Be it enacted by the General Assembly

of Maryland, That the capital stock of said National

Capital stock.

Fire Insurance Company of Baltimore shall consist

hereafter of a sum not exceeding three hundred thou-

sand dollars, divided into sixty thousand shares of five

dollars each, thereby reducing the par value of shares

Par value.

from ten dollars per share to five dollars per share, at

which said last named sum the said shares shall be

estimated in all transaction therein.

SEC. 2. And be it enacted, That section fourteen of

Repealed and
re-enacted.

said act of eighteen hundred and forty-nine, chapter
one hundred and ninety four, be and the same is

hereby repealed, and that the same be re-enacted to

read as follows :

SEC. 14. That no stockholder or any other member

of this association shall be answerable in his person

or individual property for any contract or agreement

of said association, or for any losses, deficiencies or

forfeitures of the capital stock of this association, but

Not answerable

for losses.

the whole of the capital stock which has been or may

be issued in accordance with the provisions of the origi-

nal and of the supplementary act, together with all

property, rights and credits belonging thereunto, and

nothing more shall at any time be answerable for the

demands against the said association.

Approved April 8, 1884.