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ccedings, which said sale and return shall vest a good and suf-
ficient title in the purchaser, of all the right, title and interest,
of the person owning said lands, in and to the same; Provided,
that the owner or owners of such lands, so as aforesaid sold,
shall be at liberty to redeem the same, at any time within twelve
months after such sale, by paying to the purchaser or purchas-
ers the amount of the purchase money so paid by him or
them, with an interest of twenty per centum on the same from
the day of sale.
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CHAP. 170,
Proviso
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CHAP. CLXXI.
A Supplement to the act, entitled, An act to incorporate the President and
Directors of the Firemen's Insurance Company of Baltimore.
Be it enacted by the General Assembly of Maryland,
That the directors of the Firemen's Insurance Company of Bal-
timore, or a majority of them, when met as a board, with or
without the president, shall have power, and they are hereby
authorised, to provide for allowing to persons, ceasing to be
members of fire companies, at least thirty days to dispose of and
transfer any share or shares of stock which they shall hold or be
entitled to, retaining their responsibility, and that of their sure-
ties, on their stock-notes, until they shall be actually divested of
their stock by transfer or otherwise; to provide for the pur-
chase, sale, or other disposition and transfer, of all shares of
stock belonging to any person who shall cease to be a member
of a fire company, and omit, for thirty days, to dispose of and
transfer the same to some person or company entitled under the
charter to hold the same; to provide for suspending the payment
of profits and dividends to any stockholder ceasng to be a mem-
ber of a fire company; to provide for allowing to the executors
or administrators of deceased stockholders, at least thirty days
to dispose of and transfer any stock which shall have been held
by such stockholder at the time of his death, before such stock
shall become extinct, retaining the responsibility of the stock
notes until such transfer or extinction shall take place; to pro
vide for ascertaining the actual value of all shares of stock held
by persons ceasing to be members of a fire company, and of all
shares of stock which shall become extinct by the death of a
stockholder; to provide for compensating persons ceasing to be
stockholders, whose stock, by virtue of the charter, shall be
vested in this corporation, or be disposed of in virtue of the a
bove provision, and the representatives of deceased member
whose stock shall become extinct; to provide for the sale of
other disposition, and transfer, of all shares of stock which shall
be forfeited to, vested in, or held by this corporation; to pro-
vide that transfers of the capital stock of this company shall on-
ly be made to fire companies, to persons in trust for fire compa-
nics, or members of fire companies, within the city of Baltimore
or to this corporation, and to regulate the manner of makinig
such transfers so as to make them valid and effectual; to provide
for compensating the president of the company; to provide for
vacating the seat of directors, or any director, when the fire com-
pany which they or he shall represent shall cease to be entitle
to elect such member, as shall be in office or attending at the
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Passed Mar 6, 1827
Powers granted
board of directors
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