656

LAWS OF MARYLAND.

CHAP. 441

CHAPTER 441.

AN ACT to repeal Section six of Chapter one hundred and
seventy-six of the Acts of eighteen and fifty-eight, entitled
"An Act to Incorporate the President and Directors of the
Maryland Fire Insurance Company of Baltimore, Mary-
land, " as amended by chapter forty-three of the Acts of
eighteen hundred and seventy-two, and as extended by
Chapter twenty of the Acts of eighteen hundred and eighty-
eight, and to re-enact the same with amendments, providing
for a further alteration in the mode of voting by the stock-
holders.

Repeal
and re-enact

SECTION 1. Be it enacted by the General Assembly of
Maryland, That section six of chapter one hundred and
seventy-six of the Acts of eighteen hundred and fifty-eight,
entitled "An Act to Incorporate the President and Directors
of the Maryland Fire Insurance Company of Baltimore, Mary-
land, " as amended by chapter forty-three of the Acts of eigh-
teen hundred and seventy-two, and as extended by chapter
twenty of the Acts of eighteen hundred and eighty-eight, be
and the same is hereby repealed and re-enacted, so as to read
as follows:

Directors to
be elected.

Section 6. And be it enacted, That the stockholders com-
posing this company, or their representative by proxy, shall,
on the first Monday in February, in eighteen hundred and
fifty-nine, and in each and every year thereafter, choose, by
ballot, from among the stockholders, twelve directors to serve
for one year, each stockholder to be entitled to one vote for
every share of stock held by him; the directors so chosen
shall serve until the first Monday in February next succeeding
their election, and until others are chosen; at their first meet-
ing after every annual election they shall choose by ballot a
president, either from amongst their own body, or from among
the other stockholders, and in case of the death, resignation or
disqualification of the president or a director, the directors
shall proceed to elect another to fill such vacancy for the
remainder of the year.
SEC. 2. And be it enacted, That this Act shall take effect
so soon as the same shall have been accepted by a majority in
amount of the whole number of stockholders, as provided by
the nineteenth section of the Act of which this is an amend-
ment.
Approved April 8, 1902.